Equities Analysts Offer Predictions for PCOR Q2 Earnings

Procore Technologies, Inc. (NYSE:PCOR - Free Report) - Equities research analysts at DA Davidson issued their Q2 2025 earnings per share (EPS) estimates for shares of Procore Technologies in a research report issued on Tuesday, July 22nd. DA Davidson analyst G. Luria expects that the company will earn ($0.08) per share for the quarter. DA Davidson currently has a "Hold" rating on the stock. The consensus estimate for Procore Technologies' current full-year earnings is ($0.15) per share. DA Davidson also issued estimates for Procore Technologies' FY2025 earnings at ($0.17) EPS and FY2026 earnings at $0.06 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 for the quarter, topping analysts' consensus estimates of $0.17 by $0.06. The firm had revenue of $310.63 million during the quarter, compared to analysts' expectations of $302.66 million. Procore Technologies had a negative return on equity of 6.54% and a negative net margin of 10.73%. The firm's quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS.

A number of other equities research analysts have also recently commented on PCOR. KeyCorp decreased their price target on Procore Technologies from $96.00 to $77.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Arete started coverage on Procore Technologies in a research note on Monday, June 16th. They issued a "buy" rating and a $91.00 price target for the company. UBS Group reduced their price objective on Procore Technologies from $110.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Barclays raised their price objective on Procore Technologies from $72.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Procore Technologies from $97.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $81.39.

Procore Technologies Stock Up 1.7%

Shares of NYSE PCOR traded up $1.29 during mid-day trading on Thursday, reaching $75.60. 1,060,782 shares of the company were exchanged, compared to its average volume of 1,239,095. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.02. The stock has a market cap of $11.28 billion, a price-to-earnings ratio of -87.91 and a beta of 0.89. Procore Technologies has a 1 year low of $49.46 and a 1 year high of $88.92. The firm has a 50-day moving average of $69.26 and a 200 day moving average of $70.37.

Hedge Funds Weigh In On Procore Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas raised its position in Procore Technologies by 89.5% in the first quarter. Teacher Retirement System of Texas now owns 19,957 shares of the company's stock valued at $1,318,000 after purchasing an additional 9,428 shares during the period. GAMMA Investing LLC raised its position in shares of Procore Technologies by 66.6% during the 1st quarter. GAMMA Investing LLC now owns 1,243 shares of the company's stock worth $82,000 after acquiring an additional 497 shares in the last quarter. Brown Advisory Inc. increased its position in Procore Technologies by 87.4% during the first quarter. Brown Advisory Inc. now owns 12,943 shares of the company's stock worth $854,000 after buying an additional 6,038 shares during the period. Amalgamated Bank increased its position in Procore Technologies by 4.2% during the first quarter. Amalgamated Bank now owns 7,374 shares of the company's stock worth $487,000 after buying an additional 295 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Procore Technologies by 8.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,702 shares of the company's stock valued at $508,000 after purchasing an additional 613 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company's stock.

Insider Buying and Selling

In other Procore Technologies news, insider Benjamin C. Singer sold 1,390 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $75.00, for a total value of $104,250.00. Following the sale, the insider directly owned 96,167 shares of the company's stock, valued at approximately $7,212,525. This trade represents a 1.42% 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 hyperlink. Also, CFO Howard Fu sold 814 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $74.35, for a total value of $60,520.90. Following the completion of the sale, the chief financial officer directly owned 197,457 shares in the company, valued at approximately $14,680,927.95. The trade was a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 672,447 shares of company stock valued at $43,878,843 in the last 90 days. Corporate insiders own 29.00% of the company's stock.

About Procore Technologies

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.