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Procore Technologies (PCOR)
NYSE:PCOR
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.11Last Year’s EPS
0.17Same Quarter Last Year
Moderate Buy
Based on 20 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2021
|% Change Since: 22.87%
|Next Earnings Date:Aug 05, 2021
Earnings Call Sentiment|Neutral
Procore shows strong revenue growth and market leadership, with positive feedback on strategic changes and customer expansions. However, challenges include decreased operating margins and a mixed demand environment, alongside expected disruptions from go-to-market transitions.Company Guidance
During Procore Technologies' Q3 2024 earnings call, guidance was provided indicating a positive outlook for the company's financial performance. The quarter saw a 19% year-over-year revenue growth, with international revenue increasing by 26% on a constant currency basis. Procore's non-GAAP operating margin for the quarter was 9%, and the company expects to expand this margin by 900 basis points for the full year, reaching between 10.5% and 11%. Looking ahead to 2025, Procore projected a revenue growth of 11%, with non-GAAP operating margins anticipated to expand by 200 to 250 basis points. The company is also committed to a stock repurchase program of up to $300 million, reflecting confidence in its business model. Procore's strategic go-to-market changes are anticipated to position it for becoming a multibillion-dollar revenue company, with an emphasis on increasing customer-centricity and operational efficiency.Revenue Growth
In Q3, revenue grew 19% year-over-year, with international revenue increasing by 26% on a constant currency basis.
Strong Market Position
Procore maintains high competitive win rates, consistently over 60% against top competitors, showing strong market leadership.
Stock Repurchase Program
Procore authorized a stock repurchase program of up to $300 million, indicating confidence in the business.
Go-to-Market Evolution Positive Feedback
Positive feedback from employees and customers on go-to-market changes, with hiring progressing on track.
Large Customer Expansions
Significant expansion with major contractors like Suffolk Construction and a general contractor in the U.S., demonstrating strong customer relationships.
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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 |
|---|---|---|---|
| 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% |
| Feb 15, 2024 | $74.59 | $75.92 | +1.78% |
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 Feb 13, 2025, TBA Not Confirmed.
What is Procore Technologies (PCOR) earnings time?
Procore Technologies (PCOR) earnings time is at Feb 13, 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 2024 (Q4) is 0.11.
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