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Procore Technologies (PCOR)
NYSE:PCOR
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.18Last Year’s EPS
0.3Same Quarter Last Year
Strong Buy
Based on 19 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: -14.66%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment overall, with strong booking performance, customer growth, and innovative product developments balancing out the challenges of a negative operating margin in Q4 and uncertainties related to the go-to-market transition.Company Guidance
During Procore Technologies' FY 2024 Q4 earnings call, the company reported remarkable metrics indicating robust performance and optimistic guidance for fiscal 2025. Key highlights included a 16% year-over-year increase in total revenue, reaching $302 million, and international revenue growth of 19%. Procore also achieved a significant 39% year-over-year growth in the number of customers contributing over a million dollars in ARR. The company expanded its non-GAAP operating margin by 800 basis points and generated $128 million in free cash flow, marking a 171% year-over-year improvement. For fiscal 2025, Procore raised its revenue guidance to between $1.285 billion and $1.29 billion, implying a 12% growth, and increased its non-GAAP operating margin guidance by 50 basis points to between 13% and 13.5%. The company emphasized its strategic initiatives, such as AI and data-driven innovations, and its ongoing go-to-market transition, which are expected to drive further top-line growth and operational efficiency.Strong Booking Performance
Procore achieved strong booking performance with over 136 six- and seven-figure transactions. The number of customers contributing more than a million dollars in ARR grew by 39% year over year.
Successful Customer Acquisitions and Expansions
Procore added new customers across all stakeholders, including major companies like a Fortune 30 oil refiner and one of Canada's largest general contractors. Significant expansion wins were noted, including a major expansion with an ENR 50 contractor.
Expansion in Operating Margin
The company expanded its non-GAAP operating margin by 800 basis points and generated $128 million in free cash flow for the year, showing a 171% year-over-year improvement.
Innovative Product Developments
Procore continued to invest in AI-powered innovations like Copilot and Agent Studio. The company is also enhancing platform connectivity with features like connected drawings.
Positive Revenue Growth
Total revenue in Q4 was $302 million, a 16% increase year over year, with international revenue growing by 19%.
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PCOR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PCOR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $75.10 | $87.50 | +16.51% |
| Oct 30, 2024 | $62.65 | $65.65 | +4.79% |
| Aug 01, 2024 | $67.22 | $56.78 | -15.53% |
| May 01, 2024 | $68.24 | $69.23 | +1.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Procore Technologies (PCOR) report earnings?
Procore Technologies (PCOR) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Procore Technologies (PCOR) earnings time?
Procore Technologies (PCOR) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PCOR EPS forecast?
PCOR EPS forecast for the fiscal quarter 2025 (Q1) is 0.18.
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