Procore Technologies Inc expected to post a loss of 12 cents a share - Earnings Preview

Procore Technologies

02/05/2023 03:24

* Procore Technologies Inc  PCOR.N   PCOR.K  is expected
to show a
rise in quarterly revenue when it reports  results on May 3. 
    * The Carpinteria California-based  company is expected to
report 
a 27.4% increase in revenue to $203.272 million from $159.52
million a year ago, according to the mean estimate from 16
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Procore
Technologies Inc
is for a loss of 12 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Procore
Technologies Inc is $75​, above​ its last closing price
of $55.06. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.14       -0.14      -0.08     Beat    42.9
 Sep. 30 2022  -0.17       -0.17      -0.09     Beat    47.7
 Jun. 30 2022  -0.17       -0.17      -0.19     Missed  -8.9​
 Mar. 31 2022  -0.17       -0.17      -0.15     Beat    14.3
 ​​Dec.        -0.15       -0.15      -0.15     Met     0.8
 31 2021                                                
 Sep. 30 2021  -0.07       -0.07      -0.05     Beat    33.3​
 Jun. 30 2021  -0.14       -0.14      -0.08     Beat    44.3
 This summary was machine generated May 2 at 02:24 GMT.  All
figures in US dollars  unless otherwise stated