Procore Technologies (PCOR) Projected to Post Quarterly Earnings on Thursday

Procore Technologies (NYSE:PCOR - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Thursday, May 1st. Analysts expect the company to announce earnings of $0.17 per share and revenue of $302.66 million for the quarter. Procore Technologies has set its FY 2025 guidance at EPS and its Q1 2025 guidance at EPS.

Procore Technologies (NYSE:PCOR - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.46). The firm had revenue of $302.05 million during the quarter, compared to the consensus estimate of $297.72 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. On average, analysts expect Procore Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Procore Technologies Trading Down 0.2 %

PCOR stock traded down $0.10 during midday trading on Tuesday, hitting $63.58. 269,022 shares of the company's stock were exchanged, compared to its average volume of 1,730,240. Procore Technologies has a one year low of $49.46 and a one year high of $88.92. The stock's fifty day moving average price is $67.29 and its 200-day moving average price is $72.32. The company has a market cap of $9.53 billion, a PE ratio of -88.24 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57.

Analyst Ratings Changes

PCOR has been the topic of several research analyst reports. Scotiabank dropped their target price on shares of Procore Technologies from $95.00 to $75.00 and set a "sector outperform" rating on the stock in a report on Thursday, April 24th. UBS Group cut their price objective on shares of Procore Technologies from $110.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Piper Sandler lowered their target price on Procore Technologies from $110.00 to $75.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Jefferies Financial Group cut their price target on Procore Technologies from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Finally, Barclays decreased their price objective on Procore Technologies from $90.00 to $70.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.18.

Insider Activity at Procore Technologies

In other news, CFO Howard Fu sold 8,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $87.00, for a total transaction of $696,000.00. Following the transaction, the chief financial officer now owns 156,188 shares in the company, valued at approximately $13,588,356. This trade represents a 4.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Connor Kevin J. O sold 6,410 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $77.33, for a total value of $495,685.30. Following the completion of the sale, the director now owns 1,244,188 shares of the company's stock, valued at $96,213,058.04. This trade represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,962 shares of company stock worth $5,041,588. Insiders own 29.00% of the company's stock.

Institutional Investors Weigh In On Procore Technologies

A hedge fund recently bought a new stake in Procore Technologies stock. Brighton Jones LLC acquired a new position in Procore Technologies, Inc. (NYSE:PCOR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,815 shares of the company's stock, valued at approximately $511,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Procore Technologies Company Profile

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects.