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

Procore Technologies

02/05/2024 05:54

* Procore Technologies Inc  PCOR.N  reported quarterly
adjusted
earnings of 30 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 1 cents.  The mean expectation of
sixteen analysts for the quarter was for earnings of 16 cents
per share. Wall Street expected results to range from 13 cents
to 18 cents per share.
    * Revenue rose 26.2% to $269.43 million from a year ago;
analysts
expected $263.15 million. 
    * Procore Technologies Inc's reported EPS for the quarter
was a
loss of 8 cents​.
    * The company reported a quarterly loss of $10.97 million.
    * Procore Technologies Inc shares had fallen by 16.7% this
quarter and lost 1.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 111.7%
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 $87.31 
This summary was machine generated from LSEG data May 2 at 04:53
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
 Mar. 31 2024      0.16           0.30           Beat
 Dec. 31 2023      0.07           0.17           Beat
 Sep. 30 2023      -0.05          0.09           Beat
 Jun. 30 2023      -0.09          0.02           Beat