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

Procore Technologies

02/11/2023 08:40

* Procore Technologies Inc  PCOR.N  reported quarterly
adjusted
earnings of 9 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of -9 cents.  The mean expectation of
sixteen analysts for the quarter was for a loss of 5 cents per
share. Wall Street expected results to range from -10 cents
to -3 cents per share.
    * Revenue rose 33% to $247.91 million from a year ago;
analysts
expected $233.70 million. 
    * Procore Technologies Inc's reported EPS for the quarter
was a
loss of 31 cents​.
    * The company reported a quarterly loss of $43.85 million.
    * Procore Technologies Inc shares had fallen by 7.9% this
quarter and gained 27.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
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 15 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Procore
Technologies Inc is $72.50 

This summary was machine generated from LSEG data November 2 at
08:40 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.05          0.09           Beat
 Jun. 30 2023      -0.09          0.02           Beat
 Mar. 31 2023      -0.12          0.01           Beat
 Dec. 31 2022      -0.14          -0.08          Beat