Will Procore Technologies (PCOR) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Procore Technologies is positioned well to continue its streak of beating earnings estimates, making it a strong candidate for investors [1][4]. Earnings Performance - Procore Technologies has a history of positive earnings surprises, with an average surprise of 115.18% over the last two quarters [6]. - In the most recent quarter, the company reported earnings of $0.30 per share against an expectation of $0.16, resulting in a surprise of 87.50% [7]. - For the previous quarter, Procore exceeded the consensus estimate of $0.07 per share by reporting $0.17, achieving a surprise of 142.86% [7]. Earnings ESP and Predictions - The company currently has an Earnings ESP of +5.42%, indicating a bullish outlook from analysts regarding its earnings prospects [4]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat in the upcoming report [4][3]. Importance of Earnings ESP - Monitoring a company's Earnings ESP before quarterly releases is crucial for increasing the chances of successful investment decisions [5].