Procore Technologies Sees Q2 Revenue $274M-$276M vs $274.9M Est., FY24 Revenue $1.14B-$1.144B vs $1.14B Est.
Portfolio Pulse from Benzinga Newsdesk
Procore Technologies projects its Q2 revenue to be between $274M-$276M, slightly below the estimated $274.9M. For FY24, the company forecasts revenue to be between $1.14B-$1.144B, aligning closely with the $1.14B estimate.
May 01, 2024 | 8:29 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Procore Technologies forecasts its Q2 and FY24 revenues to be slightly below and in line with estimates, respectively.
The slight miss in Q2 revenue forecast compared to estimates may not significantly impact the stock price due to the close alignment with FY24 revenue expectations. The company's ability to meet full-year estimates suggests a stable financial outlook, potentially mitigating any negative short-term reactions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100