* Procore Technologies Inc reported quarterly adjusted earnings of 24 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of twenty analysts for the quarter was for earnings of 22 cents per share. Wall Street expected results to range from 17 cents to 25 cents per share.
* Revenue rose 19.4% to $295.89 million from a year ago; analysts expected $287.55 million.
* Procore Technologies Inc's reported EPS for the quarter was a loss of 18 cents.
* The company reported a quarterly loss of $26.39 million.
* Procore Technologies Inc shares had risen by 2.8% this quarter and lost 8.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 20% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the software peer group is also "buy"
Wall Street's median 12-month price target for Procore Technologies Inc is $68.00 This summary was machine generated from LSEG data October 31 at 02:58 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.22 0.24 Beat
Jun. 30 2024 0.25 0.39 Beat
Mar. 31 2024 0.16 0.30 Beat
Dec. 31 2023 0.07 0.17 Beat
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