PCOR Stock Recent News

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $pcor--Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced that it will report its third quarter fiscal year 2024 financial results after the U.S. financial markets close on Wednesday, October 30, 2024. In conjunction with this announcement, Procore will host a conference call on Wednesday, October 30, 2024 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance.

I recommend a 'Buy' rating for Procore due to its robust revenue growth, expanding margins, and undervaluation relative to Autodesk. Procore's financials showcase rapid revenue growth, expanding gross margins, and strong cash generation, despite not yet achieving GAAP profitability. The company's valuation is attractive, with Procore trading at a lower EV/Revenue multiple than Autodesk.

Procore's growth has been impacted by rising interest rates, but a falling rate environment could boost user sentiment and increase software spending in the construction space. Procore probably has the broadest platform in the construction industry, and with new entries into payments, genAI, and a push into the channel, it has new unforecasted growth drivers. The company's sales force reorganization may cause short-term disruption, but it is expected to drive long-term growth and deeper customer engagement.

Procore recently announced strategic changes to their go-to-market operating model, which will impact revenue growth and operating margins in the near term. The company is focused on creating an operating model which will lead to stronger customer relationships, specifically in international markets. Despite short-term challenges, Procore's financial performance remains strong with revenue growth, high customer retention, and a solid balance sheet.

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced that it will host an investor call with Chief Revenue Officer, Larry Stack, on Friday, August 16, 2024 at 1:00 p.m. (Pacific time) to address questions from shareholders following its Q2 FY2024 earnings call. To access this webinar, please email ir@procore.com. About Procore Procore Technologies, Inc. (NYSE: PCOR) creates software for pe.

PayPal's turnaround story is starting to play out. UiPath's one stumble caused the stock to fall.

Procore Technologies, Inc. (NYSE:PCOR ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Matthew Puljiz - SVP, Finance and Investor Relations Tooey Courtemanche - Founder, CEO , President & Chairman Howard Fu - CFO Conference Call Participants Dylan Becker - William Blair & Company Saket Kalia - Barclays Jason Celino - KeyBanc Capital Markets Alexei Gogolev - JPMorgan Nick Altmann - Scotiabank Robert Trout - Macquarie Brent Thill - Jefferies Andrew Sherman - TD Cowen Operator Good afternoon, everyone. I would like to thank you for attending the Procore Technologies' Full-Year 2024 Q2 Earnings Call.

Procore Technologies (PCOR) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.02 per share a year ago.

Procore Technologies (PCOR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Procore Technologies (PCOR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.