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

Procore Technologies

02/08/2024 01:01

* Procore Technologies Inc  PCOR.N  reported quarterly
adjusted
earnings of 39 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 2 cents.  The mean expectation of
nineteen analysts for the quarter was for earnings of 25 cents
per share. Wall Street expected results to range from 20 cents
to 29 cents per share.
    * Revenue rose 24.4% to $284.35 million from a year ago;
analysts
expected $275.25 million. 
    * Procore Technologies Inc's reported EPS for the quarter
was a
loss of 4 cents​.
    * The company reported a quarterly loss of $6.31 million.
    * Procore Technologies Inc shares had risen by 7.1% this
quarter and gained 2.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 6
"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 $82.50 
This summary was machine generated from LSEG data August 2 at
12:01 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
 Jun. 30 2024      0.25           0.39           Beat
 Dec. 31 2023      0.16           0.30           Beat
 Dec. 31 2023      -0.05          0.17           Beat
 Sep. 30 2023      -0.05          0.09           Beat