Procore Technologies (PCOR) to Release Quarterly Earnings on Wednesday

Procore Technologies (NYSE:PCOR) will issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Procore Technologies has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. Procore Technologies had a negative return on equity of 4.13% and a negative net margin of 8.54%. The business had revenue of $284.30 million for the quarter, compared to the consensus estimate of $275.26 million. During the same quarter in the previous year, the company posted ($0.28) EPS. The company’s revenue was up 24.4% 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 Trading Down 0.6 %

NYSE:PCOR opened at $62.60 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.03. Procore Technologies has a 1 year low of $48.11 and a 1 year high of $83.35. The stock’s 50 day simple moving average is $59.18 and its two-hundred day simple moving average is $64.52.

Analysts Set New Price Targets

PCOR has been the subject of a number of recent research reports. Scotiabank dropped their target price on Procore Technologies from $90.00 to $70.00 and set a “sector outperform” rating for the company in a report on Friday, August 2nd. Stifel Nicolaus dropped their target price on Procore Technologies from $85.00 to $63.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Macquarie reiterated a “neutral” rating and issued a $70.00 target price on shares of Procore Technologies in a report on Tuesday, July 30th. Barclays lifted their target price on Procore Technologies from $54.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Finally, JMP Securities dropped their target price on Procore Technologies from $93.00 to $82.00 and set a “market outperform” rating for the company in a report on Friday, August 2nd. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.13.

Insider Buying and Selling at Procore Technologies

In other Procore Technologies news, Director Connor Kevin J. O sold 3,846 shares of Procore Technologies stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $53.65, for a total transaction of $206,337.90. Following the completion of the sale, the director now directly owns 1,444,313 shares of the company’s stock, valued at $77,487,392.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP William Fred Fleming, Jr. sold 2,707 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $59.14, for a total value of $160,091.98. Following the completion of the transaction, the senior vice president now directly owns 79,156 shares of the company’s stock, valued at approximately $4,681,285.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Connor Kevin J. O sold 3,846 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $53.65, for a total value of $206,337.90. Following the completion of the transaction, the director now directly owns 1,444,313 shares of the company’s stock, valued at approximately $77,487,392.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,492 shares of company stock valued at $5,020,312 in the last ninety days. Corporate insiders own 29.00% of the company’s stock.

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.