Procore Technologies Inc expected to post a loss of 9 cents a share - Earnings Preview

Procore Technologies

01/08/2023 04:10

* Procore Technologies Inc  PCOR.N   PCOR.K  is expected
to show a
rise in quarterly revenue when it reports  results on August 2. 
    * The Carpinteria California-based  company is expected to
report 
a 26.5% increase in revenue to $217.821 million from $172.21
million a year ago, according to the mean estimate from 17
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Procore
Technologies Inc
is for a loss of 9 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Procore
Technologies Inc is $80​, above​ its last closing price
of $75.85. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.12       -0.12      0.01      Beat    108.1
 Dec. 31 2023  -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.        -0.17       -0.17      -0.15     Beat    14.3
 31 2022                                                
 Dec. 31 2021  -0.15       -0.15      -0.15     Met     0.8​
 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 August 1 at 03:10 GMT.  All
figures in US dollars  unless otherwise stated