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Procore Technologies Q1 2024 Earnings Report

Procore Technologies logo
$76.53 +1.05 (+1.39%)
(As of 12/20/2024 05:31 PM ET)

Procore Technologies EPS Results

Actual EPS
-$0.01
Consensus EPS
-$0.16
Beat/Miss
Beat by +$0.15
One Year Ago EPS
N/A

Procore Technologies Revenue Results

Actual Revenue
$269.43 million
Expected Revenue
$263.13 million
Beat/Miss
Beat by +$6.30 million
YoY Revenue Growth
N/A

Procore Technologies Announcement Details

Quarter
Q1 2024
Time
N/A

Conference Call Resources

Conference Call Audio

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Procore Technologies Earnings Headlines

Procore price target raised to $93 from $84 at Stifel
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Procore price target raised to $75 from $65 at Mizuho
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About Procore Technologies

Procore Technologies (NYSE:PCOR) engages in the provision of 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 Execution, 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 Workforce Management, that helps contractors to schedule, track, and forecast labor productivity, enhance time management, communication with workforces, and manage profitability on construction projects; 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; and Construction Intelligence, that allows customers to capture, manage, and learn from data for project and portfolio reporting, analytics, and artificial intelligence-guided workflows, as well as to monitor projects and drive informed decision-making for business needs. It serves owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. The company allow users 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.

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