Procore Technologies Q1 Earnings Announcement Scheduled
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy PCOR?
Source: seekingalpha
- Earnings Release Date: Procore Technologies (PCOR) is set to announce its Q1 earnings on May 5th before market open, with a consensus EPS estimate of $0.36, reflecting a significant year-over-year increase of 263.6%, indicating strong performance in the construction sector.
- Revenue Expectations: The anticipated revenue for Q1 is $352.82 million, representing a 13.4% year-over-year growth, which underscores Procore's sustained growth potential, particularly amid industry challenges.
- Historical Performance Review: Over the past two years, Procore has beaten EPS estimates 75% of the time and achieved a 100% success rate in revenue estimates, demonstrating the company's reliability in financial forecasting and market adaptability.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and 14 downward revisions, while revenue estimates experienced 16 upward revisions and one downward revision, reflecting mixed market sentiment regarding Procore's future performance, which may impact investor confidence.
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Analyst Views on PCOR
Wall Street analysts forecast PCOR stock price to rise
15 Analyst Rating
13 Buy
2 Hold
0 Sell
Strong Buy
Current: 59.320
Low
70.00
Averages
87.83
High
95.00
Current: 59.320
Low
70.00
Averages
87.83
High
95.00
About PCOR
Procore Technologies, Inc. is a technology company. The Company is a global provider of cloud-based construction management software. The Company's unified technology platform leverages artificial intelligence (AI) and data-driven insights and decision making. The Company's platform is modernizing and digitizing construction management by enabling access to project information, simplifying complex workflows, and facilitating communication among relevant stakeholders. Its core customers are owners, general contractors, and specialty contractors operating across the residential and non-residential segments of the construction industry. Its solutions include Preconstruction, Project Execution, Resource Management, Financial Management, and Procore Helix. Its Preconstruction solutions include Tender Management, BIM, and Estimating. Its Project Execution solutions include Project Management, and Quality and Safety. Its Procore Helix solutions include Analytics, Assist, and Insights.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Procore Technologies Q1 Earnings Announcement Scheduled
- Earnings Release Date: Procore Technologies (PCOR) is set to announce its Q1 earnings on May 5th before market open, with a consensus EPS estimate of $0.36, reflecting a significant year-over-year increase of 263.6%, indicating strong performance in the construction sector.
- Revenue Expectations: The anticipated revenue for Q1 is $352.82 million, representing a 13.4% year-over-year growth, which underscores Procore's sustained growth potential, particularly amid industry challenges.
- Historical Performance Review: Over the past two years, Procore has beaten EPS estimates 75% of the time and achieved a 100% success rate in revenue estimates, demonstrating the company's reliability in financial forecasting and market adaptability.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and 14 downward revisions, while revenue estimates experienced 16 upward revisions and one downward revision, reflecting mixed market sentiment regarding Procore's future performance, which may impact investor confidence.
See More
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PROCORE TECHNOLOGIES INC: TD COWEN LOWERS TARGET PRICE FROM $85 TO $75
Company Overview: Procore Technologies is a company that specializes in construction management software and technology solutions.
Stock Price Adjustment: The target price for Procore Technologies has been cut from $85 to $75 by TD Cowen.
See More
Procore Technologies Shares Drop After UBS Downgrade of ServiceNow
- Stock Volatility: Procore Technologies (NYSE:PCOR) shares fell 6.1% in the afternoon session, driven by a UBS downgrade of ServiceNow that exacerbated a sell-off from the previous day, indicating growing investor concerns about the sector's outlook.
- AI-Driven Market Concerns: The narrative of 'seat compression' has intensified, as AI automation reduces the number of human users needed for traditional enterprise software, directly threatening the per-seat revenue models of giants like Salesforce and Adobe, reflecting market sensitivity to the rapid rise of AI-native competitors.
- Year-to-Date Performance: Procore Technologies has seen a 33.3% decline since the beginning of the year, trading at $46.72 per share, which is 41.3% below its 52-week high of $79.60 from November 2025, highlighting significant challenges to the company's competitive position in the market.
- Investment Return Analysis: If investors had purchased $1,000 worth of Procore shares at its IPO in May 2021, their investment would now be worth only $530.89, indicating substantial losses for early investors due to the stock's ongoing decline.
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Barron’s Roundtable: 15 Tech Stocks Worth Considering for Purchase Right Now
Potential Benefits of AI: Artificial intelligence is expected to transform economies, enhance productivity, and contribute to advancements in healthcare and environmental solutions.
Concerns Surrounding AI: There are significant fears regarding AI's impact on jobs, privacy, profit margins, and the integrity of information.
Contrasting Perspectives: The narrative around AI fluctuates between optimism about its capabilities and a sense of impending doom regarding its consequences.
Rapid Shifts in Sentiment: Public perception of AI can change dramatically within short timeframes, reflecting both hope and anxiety.
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Procore Technologies Appoints New CFO and CRO
- Executive Appointments: Procore Technologies has appointed Rachel Pyles as Chief Financial Officer, succeeding Howard Fu; Pyles brings extensive financial management experience from her previous role as CFO at Ansys and various leadership positions at FIS, Worldpay, and Vantiv, which may enhance the company's financial strategy.
- Revenue Leadership Change: Walt Hearn has been appointed as Chief Revenue Officer, set to succeed Larry Stack on April 1, 2026, and his experience is expected to drive Procore's strategic execution in revenue growth and market expansion.
- Financial Performance Beats Expectations: Procore's recent non-GAAP EPS of $0.37 exceeded expectations by $0.01, while revenue reached $349.11 million, surpassing forecasts by $8.35 million, indicating strong market performance and operational efficiency.
- Future Outlook: With the addition of new executives and robust financial results, Procore is poised to maintain its growth momentum in upcoming financial reports, bolstering investor confidence and potentially driving stock price appreciation.
See More
Procore Technologies Q1 Earnings Announcement Scheduled
- Earnings Release Date: Procore Technologies (PCOR) is set to announce its Q1 earnings on May 5th before market open, with a consensus EPS estimate of $0.36, reflecting a significant year-over-year increase of 263.6%, indicating strong performance in the construction sector.
- Revenue Expectations: The anticipated revenue for Q1 is $352.82 million, representing a 13.4% year-over-year growth, which underscores Procore's sustained growth potential, particularly amid industry challenges.
- Historical Performance Review: Over the past two years, Procore has beaten EPS estimates 75% of the time and achieved a 100% success rate in revenue estimates, demonstrating the company's reliability in financial forecasting and market adaptability.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and 14 downward revisions, while revenue estimates experienced 16 upward revisions and one downward revision, reflecting mixed market sentiment regarding Procore's future performance, which may impact investor confidence.
See More
Latest Wall Street Rating Updates
- Starbucks Rating Maintained: Morgan Stanley reiterates its overweight rating on Starbucks, indicating that the ongoing debate about the company's earnings power reflects an improving narrative that may attract more investor interest.
- Robinhood Outlook Positive: Bernstein maintains an outperform rating on Robinhood, noting that HOOD stock marked a bottom in Q1 and has started strong in April, suggesting increasing market confidence in its future.
- CoreWeave Price Target Raised: Wells Fargo raises CoreWeave's price target from $125 to $135, believing that the company's leading position in AI infrastructure will allow it to benefit as demand continues to outpace supply.
- Telecom Argentina Upgrade: JPMorgan upgrades Telecom Argentina from neutral to overweight, expecting substantial benefits from market consolidation as the antitrust review of its acquisition of Telefonica Argentina nears completion.
See More
PROCORE TECHNOLOGIES INC: TD COWEN LOWERS TARGET PRICE FROM $85 TO $75
Company Overview: Procore Technologies is a company that specializes in construction management software and technology solutions.
Stock Price Adjustment: The target price for Procore Technologies has been cut from $85 to $75 by TD Cowen.
See More
Procore Technologies Shares Drop After UBS Downgrade of ServiceNow
- Stock Volatility: Procore Technologies (NYSE:PCOR) shares fell 6.1% in the afternoon session, driven by a UBS downgrade of ServiceNow that exacerbated a sell-off from the previous day, indicating growing investor concerns about the sector's outlook.
- AI-Driven Market Concerns: The narrative of 'seat compression' has intensified, as AI automation reduces the number of human users needed for traditional enterprise software, directly threatening the per-seat revenue models of giants like Salesforce and Adobe, reflecting market sensitivity to the rapid rise of AI-native competitors.
- Year-to-Date Performance: Procore Technologies has seen a 33.3% decline since the beginning of the year, trading at $46.72 per share, which is 41.3% below its 52-week high of $79.60 from November 2025, highlighting significant challenges to the company's competitive position in the market.
- Investment Return Analysis: If investors had purchased $1,000 worth of Procore shares at its IPO in May 2021, their investment would now be worth only $530.89, indicating substantial losses for early investors due to the stock's ongoing decline.
See More
Barron’s Roundtable: 15 Tech Stocks Worth Considering for Purchase Right Now
Potential Benefits of AI: Artificial intelligence is expected to transform economies, enhance productivity, and contribute to advancements in healthcare and environmental solutions.
Concerns Surrounding AI: There are significant fears regarding AI's impact on jobs, privacy, profit margins, and the integrity of information.
Contrasting Perspectives: The narrative around AI fluctuates between optimism about its capabilities and a sense of impending doom regarding its consequences.
Rapid Shifts in Sentiment: Public perception of AI can change dramatically within short timeframes, reflecting both hope and anxiety.
See More
Procore Technologies Appoints New CFO and CRO
- Executive Appointments: Procore Technologies has appointed Rachel Pyles as Chief Financial Officer, succeeding Howard Fu; Pyles brings extensive financial management experience from her previous role as CFO at Ansys and various leadership positions at FIS, Worldpay, and Vantiv, which may enhance the company's financial strategy.
- Revenue Leadership Change: Walt Hearn has been appointed as Chief Revenue Officer, set to succeed Larry Stack on April 1, 2026, and his experience is expected to drive Procore's strategic execution in revenue growth and market expansion.
- Financial Performance Beats Expectations: Procore's recent non-GAAP EPS of $0.37 exceeded expectations by $0.01, while revenue reached $349.11 million, surpassing forecasts by $8.35 million, indicating strong market performance and operational efficiency.
- Future Outlook: With the addition of new executives and robust financial results, Procore is poised to maintain its growth momentum in upcoming financial reports, bolstering investor confidence and potentially driving stock price appreciation.
See More
