Procore Technologies (PCOR) Expected to Announce Earnings on Thursday

Procore Technologies (NYSE:PCOR - Get Free Report) is expected to post its Q2 2025 quarterly earnings results after the market closes on Thursday, July 31st. Analysts expect Procore Technologies to post earnings of $0.24 per share and revenue of $311.91 million for the quarter. Procore Technologies has set its Q2 2025 guidance at EPS.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. Procore Technologies had a negative net margin of 10.73% and a negative return on equity of 6.54%. The firm had revenue of $310.63 million during the quarter, compared to the consensus estimate of $302.66 million. During the same period last year, the business posted $0.30 earnings per share. The business's revenue for the quarter was up 15.3% compared to the same quarter last year. 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 Stock Performance

Shares of Procore Technologies stock traded up $1.29 on Friday, hitting $75.60. The stock had a trading volume of 1,060,782 shares, compared to its average volume of 1,326,798. The stock has a market cap of $11.28 billion, a price-to-earnings ratio of -87.91 and a beta of 0.89. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.02. Procore Technologies has a twelve month low of $49.46 and a twelve month high of $88.92. The business's 50 day moving average is $69.17 and its two-hundred day moving average is $70.38.

Insider Buying and Selling at Procore Technologies

In related news, Director William J.G. Griffith sold 309,168 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $64.76, for a total transaction of $20,021,719.68. Following the sale, the director owned 1,893,458 shares in the company, valued at $122,620,340.08. The trade was a 14.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Iconiq Strategic Partners Iv, sold 192,803 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $64.76, for a total value of $12,485,922.28. Following the sale, the insider owned 3,137,255 shares in the company, valued at $203,168,633.80. This represents a 5.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 672,447 shares of company stock worth $43,878,843 over the last three months. 29.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Procore Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of PCOR. Brighton Jones LLC bought a new stake in shares of Procore Technologies in the 4th quarter valued at about $511,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Procore Technologies by 17.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 350,746 shares of the company's stock valued at $23,156,000 after buying an additional 52,507 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Procore Technologies by 5.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 732,988 shares of the company's stock valued at $48,392,000 after buying an additional 36,426 shares during the last quarter. Institutional investors own 81.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Arete assumed coverage on Procore Technologies in a report on Monday, June 16th. They set a "buy" rating and a $91.00 target price for the company. UBS Group dropped their target price on Procore Technologies from $110.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, April 24th. DA Davidson raised Procore Technologies to a "hold" rating in a report on Tuesday. Scotiabank dropped their target price on Procore Technologies from $95.00 to $75.00 and set a "sector outperform" rating for the company in a report on Thursday, April 24th. Finally, Piper Sandler dropped their price objective on Procore Technologies from $110.00 to $75.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.39.

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.