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Procore Technologies (PCOR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Procore Technologies (PCOR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Procore surpasses $1 billion in ARR in FY 2023. PCOR's stock has seen ups and downs since going public, currently trading slightly below debut price. Enactment of IRA, infrastructure bills, and CHIPS act could lead to a construction "gold rush", accelerating demand for PCOR offerings.
Procore Technologies Inc. NYSE: PCORÂ is a construction management software platform serving civil, commercial and residential markets. It helps manage workflows, costs and communication between owners, project managers and contractors from conception to completion.
Procore Technologies, Inc. (PCOR) Q4 2023 Earnings Call Transcript
Procore Technologies (PCOR) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to loss of $0.08 per share a year ago.
Will the software industry still be the darling of 2024? Its comeback in 2023, thanks to the market embracing AI, pushed the sector to greater heights.
IPO Stock Of The Week Procore Technologies is nearing a fresh buy point, but PCOR stock has a flaw that investors should watch.
Alphabet recently released its new Google Gemini AI model. Procore is introducing a copilot to improve efficiency.
Procore is the leading vendor in the construction industry software space. After quarters of watchful scrutiny, the company finally saw elongated sales cycles at the end of Q3 and has significantly reduced its growth expectations for this quarter and for 2024. Despite the revenue growth slowdown, the company has been able to achieve significant improvements in operating margins and free cash flow.