Earnings Outlook For Procore Technologies
Portfolio Pulse from Benzinga Insights
Procore Technologies (NYSE:PCOR) is anticipated to report a quarterly EPS of $0.07 on February 15, 2024. Analysts and investors are keen on whether the company will surpass this estimate and provide positive future guidance. Historical data shows mixed reactions in stock price post-earnings announcements, with the last quarter's beat leading to a 16.12% drop in share price. Shares are currently trading at $71.48, marking a 12.73% increase over the last year.
February 14, 2024 | 2:02 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Procore Technologies is expected to report a quarterly EPS of $0.07 on February 15, 2024, with investors looking for an earnings beat and positive future guidance. The stock has seen varied reactions to past earnings, with a notable 16.12% drop after the last beat. Currently, shares are up 12.73% over the past year.
The anticipation of Procore Technologies' earnings report and its potential to beat EPS estimates could generate investor interest. However, the company's history of mixed stock price reactions to past earnings, including a significant drop after the last beat, introduces uncertainty. The positive year-to-date share performance suggests underlying strength, but the immediate impact of the earnings report is less predictable, hence a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100