Procore Earnings Preview: Analysts Project 14.5% Revenue Growth
PCOR
Key Metrics to Watch:
* Q4 Revenue: $297.8 million (est.)
* Q4 Adjusted EPS: $0.11 (est.)
Analyst Expectations:
Analysts have reiterated their estimates in recent weeks, indicating confidence in Procore's upcoming earnings. The company has consistently exceeded Wall Street forecasts, with average revenue beats of 4.5% over the past two years.
Industry Trends:
Industry peers PTC and Doximity reported mixed Q4 results. PTC missed revenue expectations but beat earnings, while Doximity outperformed both metrics. These results provide insights into the current vertical software market environment.
Sentiment and Market Performance:
Vertical software stocks have experienced positive sentiment in the past month, with share prices rising 9.3%. Procore has gained 1.2% during this period and has an average analyst price target of $84.69.
Generative AI Potential:
Enterprise software companies leveraging generative AI capabilities are positioned for future growth.
Disclaimer: Past performance is not a guarantee of future results. Investors should conduct their own research and consult with a financial advisor before making investment decisions.