Construction management software provider Procore Technologies (NYSE:PCOR) will be announcing earnings results this Thursday afternoon. Here’s what you need to know.
Procore Technologies beat analysts’ revenue expectations by 3.3% last quarter, reporting revenues of $338.9 million, up 14.5% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ billings estimates. It added 122 customers to reach a total of 17,623.
Is Procore Technologies a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Procore Technologies’s revenue to grow 12.8% year on year to $340.8 million, slowing from the 16.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.36 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Procore Technologies has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 3.1% on average.
Looking at Procore Technologies’s peers in the vertical software segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Dolby Laboratories’s revenues decreased 2.9% year on year, beating analysts’ expectations by 4.4%, and PTC reported revenues up 21.4%, topping estimates by 8.2%. Dolby Laboratories traded up 1.8% following the results while PTC was also up 1.7%.
Read our full analysis of Dolby Laboratories’s results here and PTC’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. Unfortunately, vertical software stocks have struggled in this environment as share prices are down 16.8% on average over the last month. Procore Technologies is down 28.8% during the same time and is heading into earnings with an average analyst price target of $83.89 (compared to the current share price of $52.58).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.