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Analysis Analysts Provide Predictions for Procore Applied sciences, Inc.’s Q2 2022 Earnings (NASDAQ:PCOR)

Procore Applied sciences, Inc. (NASDAQ:PCOR – Get Ranking) – Equities researchers at Oppenheimer issued their Q2 2022 EPS estimates for Procore Applied sciences in a analysis notice issued to traders on Wednesday, July twenty seventh. Oppenheimer analyst Ok. Wong anticipates that the corporate will submit earnings of ($0.46) per share for the quarter. Oppenheimer has a “Assumes” score on the inventory. The consensus estimate for Procore Applied sciences’ present full-year earnings is ($1.81) per share. Oppenheimer additionally issued estimates for Procore Applied sciences’ Q3 2022 earnings at ($0.48) EPS, This autumn 2022 earnings at ($0.49) EPS, FY2022 earnings at ($1.85) EPS, FY2023 earnings at ($1.83) EPS and FY2024 earnings at ($1.65) EPS.

A number of different analysts have additionally just lately weighed in on PCOR. JPMorgan Chase & Co. dropped their value goal on Procore Applied sciences from $113.00 to $95.00 in a report on Thursday, June sixteenth. The Goldman Sachs Group dropped their value goal on Procore Applied sciences from $90.00 to $77.00 and set a “impartial” score for the corporate in a report on Thursday, April 14th. Jefferies Monetary Group dropped their value goal on Procore Applied sciences from $90.00 to $75.00 in a report on Monday, Might twenty third. Mizuho decreased their goal value on Procore Applied sciences from $70.00 to $57.00 in a analysis report on Tuesday, July nineteenth. Lastly, Piper Sandler decreased their goal value on Procore Applied sciences from $90.00 to $62.00 in a analysis report on Monday, July 18th. One equities analysis analyst has rated the inventory with a maintain score and ten have issued a purchase score to the corporate. In accordance with MarketBeat.com, Procore Applied sciences presently has a median score of “Reasonable Purchase” and a median goal value of $81.64.

Procore Applied sciences Inventory Efficiency

Shares of NASDAQ:PCOR opened at $51.70 on Friday. The inventory has a market capitalization of $7.01 billion, a P/E ratio of -14.65 and a beta of 0.24. Procore Applied sciences has a 1-year low of $40.00 and a 1-year excessive of $108.75. The corporate has a present ratio of 1.78, a fast ratio of 1.78 and a debt-to-equity ratio of 0.04. The enterprise has a 50-day shifting common value of $46.93 and a two-hundred day shifting common value of $54.27.

Procore Applied sciences (NASDAQ:PCOR – Get Ranking) final issued its quarterly earnings information on Wednesday, Might 4th. The corporate reported ($0.42) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.05. The corporate had income of $159.52 million in the course of the quarter, in comparison with analysts’ expectations of $150.25 million. Procore Applied sciences had a detrimental return on fairness of 23.19% and a detrimental internet margin of 54.32%. The enterprise’s income was up 40.0% on a year-over-year foundation. Throughout the identical interval final yr, the enterprise earned ($0.04) earnings per share.

Insider Exercise at Procore Applied sciences

In associated information, CEO Craig F. Jr. Courtemanche offered 23,359 shares of the enterprise’s inventory in a transaction that occurred on Monday, Might twenty third. The inventory was offered at a median value of $42.79, for a complete worth of $999,531.61. Following the completion of the transaction, the chief govt officer now instantly owns 850,335 shares within the firm, valued at roughly $36,385,834.65. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which is out there by the SEC web site. In associated information, CEO Craig F. Jr. Courtemanche offered 23,359 shares of the enterprise’s inventory in a transaction that occurred on Monday, Might twenty third. The inventory was offered at a median value of $42.79, for a complete worth of $999,531.61. Following the completion of the transaction, the chief govt officer now instantly owns 850,335 shares within the firm, valued at roughly $36,385,834.65. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which is out there by the SEC web site. Additionally, insider Benjamin C. Singer offered 6,453 shares of the enterprise’s inventory in a transaction that occurred on Monday, Might twenty third. The shares have been offered at a median value of $42.79, for a complete worth of $276,123.87. Following the completion of the sale, the insider now owns 166,699 shares within the firm, valued at roughly $7,133,050.21. The disclosure for this sale might be discovered right here. Within the final three months, insiders offered 111,476 shares of firm inventory price $4,972,888. 40.00% of the inventory is owned by firm insiders.

Institutional Buyers Weigh In On Procore Applied sciences

Various institutional traders and hedge funds have just lately made modifications to their positions in PCOR. Deer Administration Co. LLC purchased a brand new stake in shares of Procore Applied sciences in the course of the 4th quarter price roughly $1,113,059,000. Goldman Sachs Group Inc. raised its stake in shares of Procore Applied sciences by 1,231.1% in the course of the 4th quarter. Goldman Sachs Group Inc. now owns 12,016,191 shares of the corporate’s inventory price $960,935,000 after buying a further 11,113,486 shares within the final quarter. American Century Corporations Inc. purchased a brand new stake in shares of Procore Applied sciences in the course of the 1st quarter price roughly $93,191,000. ICONIQ Capital LLC raised its stake in shares of Procore Applied sciences by 2.7% in the course of the 1st quarter. ICONIQ Capital LLC now owns 44,808,883 shares of the corporate’s inventory price $2,597,174,000 after buying a further 1,186,014 shares within the final quarter. Lastly, 12 West Capital Administration LP raised its stake in shares of Procore Applied sciences by 51.8% in the course of the 1st quarter. 12 West Capital Administration LP now owns 3,208,211 shares of the corporate’s inventory price $185,948,000 after buying a further 1,095,000 shares within the final quarter. Institutional traders personal 91.35% of the corporate’s inventory.

About Procore Applied sciences

(Get Ranking)

Procore Applied sciences, Inc offers a cloud-based building administration platform and associated software program merchandise in america and internationally. The corporate’s platform allows house owners, basic and specialty contractors, architects, and engineers to collaborate on building tasks. It gives Preconstruction that facilitates collaboration between inside and exterior stakeholders in the course of the planning, budgeting, estimating, bidding, and accomplice choice part of a building undertaking; and Venture Administration, which allows real-time collaboration, data storage, design, BIM mannequin conflict detection, and regulation compliance for groups on the jobsite and within the again workplace.

See Additionally

Earnings History and Estimates for Procore Technologies (NASDAQ:PCOR)

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