Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
United StatesIPO:
20 May 2021Website:
http://www.procore.comNext earnings report:
02 August 2024Last dividends:
N/ANext dividends:
N/APrice
pre-market | 36 min agoDividend
Analysts recommendations
Institutional Ownership
PCOR Latest News
Tooey Courtemanche, Procore founder, chair and CEO, joins 'Closing Bell Overtime' to talk what to expect out of the upcoming jobs report, weakness in software, construction and more.
Procore Technologies (PCOR) is currently in oversold territory, suggesting that the intense selling pressure may have subsided. Coupled with unanimous support from Wall Street analysts in increasing earnings projections, this could result in a potential turnaround for the stock.
Procore Technologies, Inc. (NYSE: PCOR) Q1 2024 Earnings Conference Call on May 1, 2024 at 5:00 PM ET featuring company representatives including Matthew Puljiz, Tooey Courtemanche, and Howard Fu. Various analysts participating in the call include Saket Kalia, Dylan Becker, Brent Bracelin, Brent Thill, Ken Wong, Aaron Kimson, and others. Thank you for joining us for today's Procore Technologies, Inc. Fiscal Year '24 Q1 Earnings Call.
Procore Technologies (PCOR) reported quarterly earnings of $0.30 per share, surpassing the Zacks Consensus Estimate of $0.16 per share. This is an improvement from earnings of $0.01 per share in the same quarter last year.
Procore Technologies (PCOR) could see an increase in its stock price due to increasing positivity about its earnings potential, as indicated by its upgrade to a Zacks Rank #2 (Buy).
Procore Technologies is a leading provider of cloud-based construction management software and is led by a strong founder-led CEO. The company has been growing revenue and client count, but is still unprofitable, and its stock is down since going public. Procore operates in the construction industry, which is one of the largest and least digitized industries, presenting a significant opportunity for growth.
Procore Technologies (PCOR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how Procore Technologies (PCOR) and The Real Brokerage Inc. (REAX) have performed compared to their sector so far this year.
Procore Technologies (PCOR) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Procore presents a compelling investment opportunity in the under-digitized construction industry with its product portfolio addressing pain points and enhancing productivity. Procore's fintech initiatives, including Procore Pay, present a significant opportunity to enhance shareholder value by addressing payment delays and streamlining processes within the construction industry. Procore Pay has the potential to generate over $1 billion in revenue by 2028.
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What type of business is Procore Technologies?
Procore Technologies, Inc. provides 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. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Management, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office. The company also provides Resource Management that helps contractors to schedule, track, and forecast labor productivity, enhance time management, communication with workforces, and manage profitability on construction projects; and Financial Management, which provides customers with visibility into the financial health of their individual construction projects and portfolios, as well as facilitates untethered access to financial data, linking the field, and the office in real-time. It serves owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. The company primarily sells subscriptions to access its products on computers, smartphones, and tablets through any web browser or from its mobile application available for iOS and Android platforms through its direct sales team. Procore Technologies, Inc. was incorporated in 2002 and is headquartered in Carpinteria, California.
What sector is Procore Technologies in?
Procore Technologies is in the Technology sector
What industry is Procore Technologies in?
Procore Technologies is in the Software Application industry
What country is Procore Technologies from?
Procore Technologies is headquartered in United States
When did Procore Technologies go public?
Procore Technologies initial public offering (IPO) was on 20 May 2021
What is Procore Technologies website?
https://www.procore.com
Is Procore Technologies in the S&P 500?
No, Procore Technologies is not included in the S&P 500 index
Is Procore Technologies in the NASDAQ 100?
No, Procore Technologies is not included in the NASDAQ 100 index
Is Procore Technologies in the Dow Jones?
No, Procore Technologies is not included in the Dow Jones index
When does Procore Technologies report earnings?
The next expected earnings date for Procore Technologies is 02 August 2024