Procore Technologies Inc. (PCOR)
Procore: Long-Term Tailwinds Outweigh Short-Term Uncertainties
Despite recent stock declines, I remain bullish on Procore's long-term growth, especially with market opportunities both domestically and internationally. Procore's CEO transition introduces risk as does the ever-changing tariff situation. Procore's focus on AI-driven product enhancements and strategic BIM acquisitions strengthens its competitive edge and should keep client retention high.
Procore Technologies, Inc. (PCOR) Q1 2025 Earnings Call Transcript
Procore Technologies, Inc. (NYSE:PCOR ) Q1 2025 Earnings Conference Call May 1, 2025 5:00 PM ET Company Participants Alexandra Geller - Head-Investor Relations Tooey Courtemanche - Founder, President and Chief Executive Officer Howard Fu - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Dylan Becker - William Blair Joe Vruwink - Baird Brent Bracelin - Piper Sandler Matt Martino - Goldman Sachs DJ Hynes - Canaccord Adam Borg - Stifel Jason Celino - KeyBanc Capital Markets Operator Good afternoon. Thank you for attending today's Procore Technologies, Inc. FY 2025 Q1 Earnings Call.
Procore Technologies (PCOR) Surpasses Q1 Earnings and Revenue Estimates
Procore Technologies (PCOR) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.30 per share a year ago.
Earnings Preview: Procore Technologies (PCOR) Q1 Earnings Expected to Decline
Procore Technologies (PCOR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Procore Continues To Deliver Under Industry Headwinds
Procore's Q4 earnings exceeded expectations, with revenue at $302M (16% YoY) and a gross margin of 81%, despite industry headwinds. The company continues to gain market share and win deals, with Q4 revenue growth of 16% YoY, outpacing many peers. Procore's diversified customer base and global reach enhance its durability, with high retention rates and significant international revenue growth.
Procore: A Generational Founder Steps Back, But The Business Marches On
Procore Technologies' stock offers a compelling buy opportunity at around the same price as six months ago. The company posted $1.15 billion in revenue for 2024, with 21.2% year-over-year growth, despite macroeconomic headwinds. Procore's valuation remains attractive compared to Autodesk, trading at lower EV/Revenue multiples while growing faster.
Procore Technologies: Remain Buy Rated On Growth Acceleration Beyond FY25
Procore Technologies maintains a buy rating due to strong execution, a promising GTM transition, and Procore Pay as a significant growth catalyst. 4Q24 results showed a 16% y/y revenue growth to $302 million, with notable cRPO growth and a significant increase in customers with >$1 million ARR. PCOR's GTM transition is driving enterprise expansion, evidenced by multiple seven-figure ARR contracts and improved sales productivity from a specialist-driven model.
Procore: Mixed Earnings, Revenue Tops
Procore Technologies (PCOR 1.09%), a leading provider of cloud-based construction management software, released its earnings for the fourth quarter of 2024 on February 13, 2025. The company posted revenue of $302 million, exceeding both analyst estimates of $297 million and its own guidance.
Procore Technologies, Inc. (PCOR) Q4 2024 Earnings Call Transcript
Procore Technologies, Inc. (NYSE:PCOR ) Q4 2024 Results Earnings Conference Call February 14, 2025 5:00 PM ET Company Participants Alexandra Geller - Head, Investor Relations Tooey Courtemanche - Founder, President and Chief Executive Officer Howard Fu - Chief Financial Officer Conference Call Participants Brent Bracelin - Piper Sandler Joe Vruwink - Robert W. Baird DJ Hynes - Canaccord Brent Thill - Jefferies Saket Kalia - Barclays Dylan Becker - William Blair Adam Borg - Stifel Daniel Jester - BMO Capital Markets Jason Celino - KeyBanc Capital Markets Alexei Gogolev - J.P.
Procore Technologies (PCOR) Q4 Earnings Lag Estimates
Procore Technologies (PCOR) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.17 per share a year ago.
Procore: Future Remains Bright
Procore Technologies, a founder-led company, is disrupting the construction industry with its leading technology platform, boasting 2 million active users and high gross retention rates. Despite underperforming the S&P 500 YTD, Procore's new go-to-market strategy and strong financials, including $439 million in cash, indicate promising future growth. Procore's total addressable market is vast, and the company is well-positioned for geographic expansion and product cross-selling, with opportunities for significant revenue growth.
Procore Technologies: Sales Force Expansion And International Expansion, Buy
Procore Technologies is a leading provider of cloud-based construction management software, with significant growth potential in the underpenetrated digital construction market. Procore's integrated platforms and focus on large customers provide competitive advantages, contributing to strong revenue growth and improved profitability. International expansion and sales team growth are key drivers, with a one-year target price of $82 per share and a 'Buy' rating.
