Recap: Procore Technologies Q4 Earnings
Portfolio Pulse from Benzinga Insights
Procore Technologies (NYSE:PCOR) reported Q4 earnings with an EPS of $0.17, surpassing the estimate of $0.07 by 142.86%. Revenue increased by $57.99 million from the same period last year. Despite beating EPS estimates in the past, such as by $0.14 in Q3 2023, the share price dropped by 16.12% the following day. The company has consistently outperformed revenue and EPS estimates over the past four quarters.

February 15, 2024 | 9:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Procore Technologies reported a significant beat on Q4 earnings and revenue, showing strong financial performance.
The substantial beat on both earnings and revenue expectations for Q4 indicates strong financial health and operational efficiency. Historically, such positive earnings reports can lead to short-term stock price appreciation. However, the past performance shows a mixed reaction with a significant drop after the Q3 earnings beat, suggesting market expectations and other factors may also play a role. The confidence level accounts for market unpredictability and the mixed historical stock price reaction post-earnings.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100