Procore Technologies (PCOR) Surpasses Q3 Earnings and Revenue Estimates

Core Insights - Procore Technologies reported quarterly earnings of $0.42 per share, exceeding the Zacks Consensus Estimate of $0.31 per share, and showing an increase from $0.24 per share a year ago, resulting in an earnings surprise of +35.48% [1] - The company achieved revenues of $338.85 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.49% and increasing from $295.89 million year-over-year [2] - Procore Technologies has outperformed consensus EPS estimates three times over the last four quarters and has topped revenue estimates four times in the same period [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.37 on revenues of $338.72 million, while the estimate for the current fiscal year is $1.26 on revenues of $1.3 billion [7] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Internet - Software industry, to which Procore Technologies belongs, is currently ranked in the top 34% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]