PCOR Earnings Prediction
The chart below shows how PCOR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PCOR sees a +1.28% change in stock price 10 days leading up to the earnings, and a +1.04% change 10 days following the report. On the earnings day itself, the stock moves by -2.30%. This data can give you a slight idea of what to expect for the next quarter's release.
PCOR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
295.88M
19.35%
4.06%
Gross Margin
81.43%
-0.94%
-1.99%
Operating Margin
-12.32%
-38.49%
164.95%
Net Margin
-8.92%
-49.58%
301.80%
EPS
-0.18
-41.94%
350.00%
No Data Available
PCOR Earnings Analysis
Procore Technologies, Inc. Corporation (PCOR.N) Earnings Conference Call
Positive
Revenue and International Growth: In Q3, revenue grew 19% year-over-year, reaching $296 million, with international revenue increasing by 26%.
Operating Income and Margin Improvement: The company achieved a non-GAAP operating income of $26 million, representing a 9% operating margin, and expects to improve margins by 900 basis points for the full year.
Revenue Metrics Growth: Current RPO and deferred revenue metrics grew 16% and 18% year-over-year, respectively, indicating strong demand and future revenue visibility.
Stock Repurchase Program Announcement: The company announced a stock repurchase program of up to $300 million, reflecting confidence in the business and commitment to returning value to shareholders.
Revenue Guidance Achievement: The company is on track to achieve a revenue guidance of between $1.146 billion and $1.148 billion for the full year, representing a total year-over-year growth of 21%.
Negative
Operating Margin Decline: A decline in non-GAAP operating margins to 9% in Q3, lower than Q2 due to various one-time and seasonal investments.
Operating Income Decline: Operating income for Q3 was reported at $26 million, indicating a decrease in profitability compared to previous quarters.
Q4 Revenue Growth Outlook: The company anticipates a revenue growth of only 14% to 15% for Q4, which is lower than previous expectations.
Operating Margin Guidance: The guidance for non-GAAP operating margins for the full year is between 10.5% and 11%, suggesting limited growth potential in profitability.
Talent Acquisition Challenges: The company is facing challenges in hiring and retaining talent, which may impact operational efficiency moving forward.
PCOR FAQs
How does PCOR typically perform around its earnings report dates?
Is Procore Technologies, Inc. (PCOR) Q3 2024 Earnings Call Summary positive or negative?
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PCOR Earning Call Sentiment
Procore Technologies, Inc. (PCOR) Q3 2024 Earnings Call Transcript
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PCOR.N
-1.82%Positive
The earnings call summary reveals strong financial performance with a 19% revenue increase and positive international growth. The company has a promising go-to-market strategy and plans to surpass $1 billion in revenue by 2024. The stock repurchase program and improved operating margins further bolster confidence. While the Q&A indicated some conservatism and uncertainty, the overall sentiment remains hopeful with potential for better growth. The positive shareholder return plan and strong financial metrics outweigh concerns, leading to a positive stock price prediction over the next two weeks.
