Procore Technologies Inc reports results for the quarter ended in December - Earnings Summary

Procore Technologies

16/02/2024 01:00

* Procore Technologies Inc  PCOR.N  reported quarterly
adjusted
earnings of 17 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -8 cents.  The mean expectation of
sixteen analysts for the quarter was for earnings of 7 cents per
share. Wall Street expected results to range from 3 cents to 9
cents per share.
    * Revenue rose 28.7% to $260.04 million from a year ago;
analysts
expected $248.27 million. 
    * Procore Technologies Inc's reported EPS for the quarter
was a
loss of 20 cents​.
    * The company reported a quarterly loss of $29.52 million.
    * Procore Technologies Inc shares had risen by 6.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 17.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Procore
Technologies Inc is $78.50 
This summary was machine generated from LSEG data February 16 at
01:00 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.07           0.17           Beat
 Sep. 30 2023      -0.05          0.09           Beat
 Jun. 30 2023      -0.09          0.02           Beat
 Mar. 31 2023      -0.12          0.01           Beat