Procore expects Q3 revenue between $382 mln and $384 mln
Company sees FY26 revenue between $1,510 mln and $1,514 mln
Procore expects FY27 non-GAAP operating margin of 25%
Overview
Construction software firm's Q2 revenue rose 16% yr/yr, beating analyst expectations
Company achieved GAAP operating profitability and strong free cash flow in Q2
Gross revenue retention rate reached 95%, with 14% growth in high-value customers
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$375.21 mln
$365.85 mln (22 Analysts)
Q2 EPS
$0.11
Q2 Net Income
$16.92 mln
Q2 Gross Profit
$299.80 mln
Q2 Operating Expenses
$295.47 mln
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Procore Technologies Inc is $68.00, about 39.2% above its July 28 closing price of $48.84
PCOR•
