Leadership Appointments - Procore Technologies, Inc. announced the appointment of Rachel Pyles as Chief Financial Officer and Walt Hearn as Chief Revenue Officer, effective April 1, 2026 [1] - Pyles has over 20 years of finance leadership experience, previously serving as CFO at Ansys, Inc., where she balanced revenue expansion with bottom-line discipline [1] - Hearn has an 18-year tenure at Ansys, where he led worldwide sales and customer excellence, achieving consistent double-digit revenue growth [1] Company Strategy and Vision - The company is positioned for growth, leveraging its market-leading platform and AI capabilities to capture significant opportunities in the construction industry [1] - Pyles expressed commitment to driving durable growth, expanding margins, and increasing free cash flow per share while improving the lives of those in construction [1] - Hearn emphasized the importance of supporting customer success and enhancing relationships within the industry [1] Financial Guidance - Procore reaffirmed its financial guidance for Q1 and FY26, as previously announced in its earnings release for Q4 and FY25 [1]

分组1 - Procore Technologies reported quarterly earnings of $0.37 per share, exceeding the Zacks Consensus Estimate of $0.35 per share, and showing significant growth from $0.01 per share a year ago, resulting in an earnings surprise of +5.71% [1] - The company achieved revenues of $349.11 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.62% and increasing from $302.05 million year-over-year [2] - Procore Technologies has consistently outperformed consensus EPS and revenue estimates over the last four quarters, achieving this feat four times [2] 分组2 - The stock has underperformed the market, losing approximately 33.1% since the beginning of the year, while the S&P 500 has gained 1.4% [3] - The current consensus EPS estimate for the upcoming quarter is $0.38 on revenues of $348.29 million, and for the current fiscal year, it is $1.70 on revenues of $1.47 billion [7] - The Zacks Industry Rank indicates that the Internet - Software sector is in the bottom 44% of over 250 Zacks industries, suggesting potential challenges for stocks in this category [8]

Core Viewpoint - Procore Technologies Inc. is identified as one of the best beaten-down growth stocks to consider for investment, despite a recent target price cut by KeyBanc due to market concerns regarding generative AI's impact on valuation multiples in the software industry [1][2]. Group 1: Financial Performance and Expectations - KeyBanc has reduced its target price for Procore from $91 to $80, a decrease of 12.1%, while maintaining an Overweight rating on the stock [1][7]. - The upcoming Q4-2025 results, scheduled for release on February 12, are anticipated to be a catalyst for Procore's stock, with expectations of revenue and current remaining performance obligation (cRPO) exceeding street estimates, projecting normalized growth rates in the mid-teens [2]. Group 2: Strategic Developments - Procore's recent acquisition of Data Grid is expected to be a significant topic during the upcoming earnings call, with the company aiming to enhance its AI capabilities in construction management [3]. - The integration of Data Grid's AI and deep search capabilities is described as transformative, enabling customers to connect siloed data and unlock the value of construction data, thereby fostering innovation [3]. Group 3: Company Overview - Procore Technologies Inc. is a cloud-based provider of construction management software, founded in 2002 and headquartered in Carpinteria, California [4].

Core Insights - The Building for Tomorrow Summit aims to reshape the resilience, sustainability, and long-term viability of America's built environment, featuring Tooey Courtemanche, Founder and Chairman of Procore Technologies, as the keynote speaker [1][4] - The summit gathers leaders from public and private sectors to create a unified approach to improving infrastructure resilience and smart capital investment across various systems [2] Company Insights - Procore Technologies, under the leadership of Courtemanche, has evolved into a leading global provider of construction management software, impacting millions of users and transforming the planning, construction, and maintenance of the built environment [3] - Courtemanche emphasizes the importance of connecting technology with collaborative efforts in policy alignment, building codes, and investment strategies to advance resilient infrastructure [4] Industry Insights - The summit will utilize Southern California's recent wildfire crises as a case study to promote national action, facilitating coordination among federal, state, local agencies, utilities, and private-sector stakeholders [5] - The National Institute of Building Sciences (NIBS) serves as a key organization in advancing innovation in the built environment, focusing on creating safer, more resilient, and technologically advanced infrastructure [6][8]

Core Viewpoint - Procore Technologies (PCOR) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system emphasizes the importance of changing earnings estimates in determining stock price movements, making it a valuable tool for investors [2][4]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, which in turn drives stock price movements [4]. Business Improvement Indicators - The upgrade in Procore Technologies' rating suggests an improvement in the company's underlying business, which is expected to be reflected in higher stock prices [5]. - Over the past three months, the Zacks Consensus Estimate for Procore Technologies has increased by 17%, indicating a positive trend in earnings expectations [8]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7]. - Procore Technologies' upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].

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]

Core Insights - Wesco International (WCC) reported quarterly earnings of $3.92 per share, exceeding the Zacks Consensus Estimate of $3.75 per share, and up from $3.58 per share a year ago [1][2] - The company achieved revenues of $6.2 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 5.17% and increasing from $5.49 billion year-over-year [3] - Wesco International's stock has increased approximately 26.2% since the beginning of the year, outperforming the S&P 500's gain of 17.2% [4] Earnings Performance - The earnings surprise for the recent quarter was +4.53%, following a previous surprise of +2.42% when actual earnings were $3.39 per share against an expectation of $3.31 [2] - Over the last four quarters, the company has exceeded consensus EPS estimates two times and topped consensus revenue estimates four times [2][3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $3.55 on revenues of $5.8 billion, and for the current fiscal year, it is $12.89 on revenues of $22.94 billion [8] - The estimate revisions trend for Wesco International was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [7] Industry Context - Wesco International operates within the Zacks Electronics - Parts Distribution industry, which is currently ranked in the top 9% of over 250 Zacks industries, suggesting a strong industry outlook [9]

Group 1: Company Overview - Procore Technologies (PCOR) shares increased by 5% to $73.94 in the last trading session, with a notable trading volume and a 5.9% gain over the past four weeks [1] - The company is experiencing strong customer adoption of its AI-driven innovations, platform unification, and go-to-market transition, which are driving efficient growth and increased cross-sell opportunities [1] Group 2: Earnings Expectations - Procore Technologies is expected to report quarterly earnings of $0.31 per share, reflecting a year-over-year increase of 29.2%, with revenues projected at $327.29 million, up 10.6% from the previous year [2] - The consensus EPS estimate for Procore has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Group 3: Industry Context - Procore Technologies is part of the Zacks Internet - Software industry, where another company, D-Wave Quantum Inc. (QBTS), saw a 7.2% increase in its stock price, with a 70.9% return over the past month [3] - D-Wave Quantum's consensus EPS estimate has also remained unchanged at -$0.07, representing a 36.4% improvement from the previous year [4]

Core Insights - Procore Technologies, Inc. has appointed Ajei Gopal as Chief Executive Officer Designate, who will succeed the current CEO Tooey Courtemanche [1] - Gopal's anticipated start date is November 10, 2025, following the public announcement of the company's Q3 financial results [1] - Tooey Courtemanche, the founder and current CEO, will transition out of the role after Gopal's appointment [1]

Financial Performance - Procore Technologies reported quarterly earnings of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.24 per share, but down from $0.39 per share a year ago, representing an earnings surprise of +45.83% [1] - The company posted revenues of $323.92 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.00%, compared to year-ago revenues of $284.35 million [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.31 on revenues of $327 million, and for the current fiscal year, it is $1.14 on revenues of $1.29 billion [7] - The estimate revisions trend for Procore Technologies was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Internet - Software industry, to which Procore Technologies belongs, is currently in the top 30% of over 250 Zacks industries, suggesting a favorable outlook as the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]