PROCORE(PCOR) ZACKS·2025-05-01 22:55Core Insights - Procore Technologies reported quarterly earnings of $0.23 per share, exceeding the Zacks Consensus Estimate of $0.17 per share, but down from $0.30 per share a year ago, resulting in an earnings surprise of 35.29% [1] - The company achieved revenues of $310.63 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.75% and up from $269.43 million year-over-year [2] - Procore Technologies has surpassed consensus EPS estimates three times over the last four quarters and topped consensus revenue estimates four times in the same period [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.26 on revenues of $314.29 million, and for the current fiscal year, it is $1.15 on revenues of $1.28 billion [7] - The estimate revisions trend for Procore Technologies is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Internet - Software industry, to which Procore Technologies belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]