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]

Core Viewpoint - Procore Technologies (PCOR) is anticipated to report a year-over-year decline in earnings despite an increase in revenues for the quarter ended June 2025, with the actual results being crucial for its near-term stock price movement [1][2]. Earnings Expectations - The consensus estimate for Procore's quarterly earnings is $0.24 per share, reflecting a year-over-year decrease of 38.5%. Revenues are projected to be $311.47 million, which is a 9.5% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly reassessed their initial estimates during this period [4]. Earnings Surprise Prediction - Procore's Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.18%. The company currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat [12]. Historical Performance - In the last reported quarter, Procore was expected to post earnings of $0.17 per share but exceeded expectations with earnings of $0.23, resulting in a surprise of +35.29%. Over the last four quarters, the company has beaten consensus EPS estimates three times [13][14]. Industry Comparison - Another player in the software industry, Automatic Data Processing (ADP), is expected to report earnings of $2.22 per share for the same quarter, indicating a year-over-year increase of 6.2%. ADP's revenues are projected to be $5.05 billion, up 5.9% from the previous year [18][19].

Core 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]

Core Viewpoint - Procore Technologies (PCOR) is anticipated to report a year-over-year decline in earnings despite an increase in revenues, which could significantly influence its stock price depending on the actual results compared to estimates [1][2]. Earnings Expectations - The upcoming earnings report is scheduled for May 1, 2025, with expectations of quarterly earnings at $0.17 per share, reflecting a year-over-year decrease of 43.3%. Revenues are projected to be $302.32 million, representing a 12.2% increase from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has been revised down by 38.71% over the last 30 days, indicating a collective reassessment by analysts regarding the company's earnings prospects [4][10]. Earnings Surprise Prediction - The Zacks Earnings ESP (Expected Surprise Prediction) model indicates that the Most Accurate Estimate for Procore is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -3.45%. This suggests a bearish outlook from analysts [6][11]. Historical Performance - In the last reported quarter, Procore was expected to post earnings of $0.11 per share but only achieved $0.01, leading to a surprise of -90.91%. Over the last four quarters, the company has beaten consensus EPS estimates three times [12][13]. Industry Comparison - In the Zacks Internet - Software industry, Udemy, Inc. (UDMY) is expected to report earnings of $0.10 per share for the same quarter, indicating a year-over-year increase of 233.3%. However, Udemy also has a negative Earnings ESP of -8.16%, making it difficult to predict an earnings beat [17][18].