Earnings Estimates Rising for Procore Technologies (PCOR): Will It Gain?

Core Viewpoint - Procore Technologies (PCOR) shows a significantly improving earnings outlook, making it a strong investment choice as analysts continue to raise earnings estimates for the company [1][3]. Estimate Revisions - The trend in estimate revisions reflects growing analyst optimism regarding Procore's earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, Procore is projected to earn $0.11 per share, indicating a year-over-year decline of 35.29%. However, the Zacks Consensus Estimate has increased by 14.29% over the last 30 days, with four estimates rising and one falling [4]. - For the full year, the earnings estimate stands at $1.03 per share, representing a substantial increase of 243.33% from the previous year. The consensus estimate has risen by 19.64% due to six upward revisions against one downward revision [5]. Zacks Rank - Procore Technologies currently holds a Zacks Rank 2 (Buy), attributed to favorable estimate revisions. This ranking system has a proven track record of helping investors capitalize on earnings estimate trends [6]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500, indicating a positive outlook for Procore [6]. Performance and Outlook - The stock has gained 12.9% over the past four weeks, driven by solid estimate revisions, suggesting that its earnings growth prospects may lead to further stock price increases [7].