Procore Technologies Inc reports results for the quarter ended in September 30 - Earnings Summary

Procore Technologies

31/10/2024 02:58

* Procore Technologies Inc  PCOR.N  reported quarterly
adjusted
earnings of 24 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 9 cents.  The mean expectation of
twenty analysts for the quarter was for earnings of 22 cents per
share. Wall Street expected results to range from 17 cents to 25
cents per share.
    * Revenue rose 19.4% to $295.89 million from a year ago;
analysts
expected $287.55 million. 
    * Procore Technologies Inc's reported EPS for the quarter
was a
loss of 18 cents​.
    * The company reported a quarterly loss of $26.39 million.
    * Procore Technologies Inc shares had risen by 2.8% this
quarter and lost 8.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20% 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 12 "strong buy" or "buy," 9
"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 $68.00 
This summary was machine generated from LSEG data October 31 at
02:58 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
 Sep. 30 2024      0.22           0.24           Beat
 Jun. 30 2024      0.25           0.39           Beat
 Mar. 31 2024      0.16           0.30           Beat
 Dec. 31 2023      0.07           0.17           Beat