PCOR Stock Recent News

Procore Technologies maintains a buy rating due to strong execution, a promising GTM transition, and Procore Pay as a significant growth catalyst. 4Q24 results showed a 16% y/y revenue growth to $302 million, with notable cRPO growth and a significant increase in customers with >$1 million ARR. PCOR's GTM transition is driving enterprise expansion, evidenced by multiple seven-figure ARR contracts and improved sales productivity from a specialist-driven model.

Procore Technologies (PCOR 1.09%), a leading provider of cloud-based construction management software, released its earnings for the fourth quarter of 2024 on February 13, 2025. The company posted revenue of $302 million, exceeding both analyst estimates of $297 million and its own guidance.

Procore Technologies, Inc. (NYSE:PCOR ) Q4 2024 Results Earnings Conference Call February 14, 2025 5:00 PM ET Company Participants Alexandra Geller - Head, Investor Relations Tooey Courtemanche - Founder, President and Chief Executive Officer Howard Fu - Chief Financial Officer Conference Call Participants Brent Bracelin - Piper Sandler Joe Vruwink - Robert W. Baird DJ Hynes - Canaccord Brent Thill - Jefferies Saket Kalia - Barclays Dylan Becker - William Blair Adam Borg - Stifel Daniel Jester - BMO Capital Markets Jason Celino - KeyBanc Capital Markets Alexei Gogolev - J.P.

Procore Technologies (PCOR) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.17 per share a year ago.

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 fourth quarter and full fiscal year 2024 financial results after the U.S. financial markets close on Thursday, February 13, 2025. In conjunction with this announcement, Procore will host a conference call on Thursday, February 13, 2025 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial.

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.