Procore Technologies Inc reports results for the quarter ended March 31 - Earnings Summary

Procore Technologies

02/05/2025 05:01

Procore Technologies Inc PCOR.N reported quarterly adjusted earnings of 23 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 30 cents.  The mean expectation of twenty analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 14 cents to 23 cents per share.

Revenue rose 15.3% to $310.63 million from a year ago; analysts expected $302.63 million.

Procore Technologies Inc's reported EPS for the quarter was a loss of 22 cents​.

The company reported a quarterly loss of $32.99 million.

Procore Technologies Inc shares had fallen by 2.9% this quarter and lost 14.5% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 25.9% 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," 7 "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 $75.00

This summary was machine generated from LSEG data May 2 at 04:00 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
Mar. 31 2025
0.18
0.23
Beat
Dec. 31 2024
0.12
0.01
Missed
Sep. 30 2024
0.22
0.24
Beat
Jun. 30 2024
0.25
0.39
Beat