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 2023 financial results after the U.S. financial markets close on Wednesday, November 1, 2023. In conjunction with this announcement, Procore will host a conference call on Wednesday, November 1, 2023 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance.

Procore Technologies, Inc. provides construction management software globally. The company's revenue has been increasing, but operating losses remain high. Procore's growth may be impacted by lengthening sales cycles and smaller initial contract wins in the short term.

Procore Technologies is in the early stage of its opportunity to provide the construction industry with excellent cloud-based productivity tools. A poor economy can negatively impact the construction industry and Procore Technologies' results.

Procore Technologies (PCOR) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.10 per share. This compares to loss of $0.19 per share a year ago.

IAS, MESO and PCOR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 26, 2023.

Procore's cloud-based tools, aimed at improving workflow inefficiencies, stand to capitalize on the growing demand and anticipated increase in global construction spending. Real-time data aggregation and analysis offered by Procore could automate complex workflows, providing a competitive advantage and increased transparency in the construction industry. Recommend a "hold" due to the company's overvaluation, unprofitability due to high SG&A expenses, and risks associated with fluctuations in construction spending, heightened competition, and reliance on third-party services.

Does Procore Technologies (PCOR) have what it takes to be a top stock pick for momentum investors? Let's find out.

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that it will report its second quarter fiscal year 2023 financial results after the U.S. financial markets close on Wednesday, August 2, 2023. In conjunction with this announcement, Procore will host a conference call on Wednesday, August 2, 2023 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance. To ac.

Procore Technologies is under the radar for focusing on the construction industry, which receives less attention from investors than other industries like technology or healthcare. Zscaler is a company that focuses on aspects of cybersecurity that the average person may not understand very well; therefore, it has fallen off many investors' radar screens.

Procore has demonstrated substantial financial progress, as its revenue soared to $214 million, reflecting a year-over-year growth of 34%, while also achieving an impressive gross margin of 85%. Procore has a well-diversified customer base, ensuring that a crisis in a single sector, such as the office sector, won't substantially impact their operations. Procore is thoroughly dedicated to broadening its user base and enhancing platform engagement.