Procore Technologies Inc expected to post earnings of 7 cents a share - Earnings Preview

Procore Technologies

14/02/2024 24:03

* Procore Technologies Inc  PCOR.N   PCOR.K  is expected
to show a
rise in quarterly revenue when it reports  results on February
16 for the period ending December 31 2023
    * The Carpinteria California-based  company is expected to
report
a 22.9% increase in revenue to $248.271 million from $202.05
million a year ago, according to the mean estimate from 17
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Procore Technologies Inc
is
for earnings of 7 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 4
"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 $78.50​, above​ its last closing price
of $71.48. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.05       -0.05      0.09      Beat    265.3
 Jun. 30 2023  -0.09       -0.09      0.02      Beat    121.3
 Mar. 31 2023  -0.12       -0.12      0.01      Beat    108.1​
 Dec. 31 2022  -0.14       -0.14      -0.08     Beat    42.9
 ​​Sep.        -0.17       -0.17      -0.09     Beat    47.7
 30 2022                                                
 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. 31 2021  -0.15       -0.15      -0.15     Met     0.8
 This summary was machine generated February 14 at 00:02 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)