Equity Profile

PCOR

Procore Technologies, Inc.

Information TechnologyApplication Software$6.6B

May5Tue

Post-Earnings Recap

ReportedQ1-2026Pre-Market7:30 AM EDT

Procore Technologies Misses on Revenue, Stock Down 11.93%

Metric	Actual	Expected	Surprise
EPS	$0.34	$0.36	+753.85%
Revenue	—	$353M	—

management commentary, guidance changes, and full analysis available with Pro.

Procore Technologies Misses on Revenue, Stock Down 11.93%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.34	$0.36	+753.85%
Revenue	—	$353M	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Procore Technologies reported earnings that missed revenue expectations while beating EPS estimates significantly. However, the stock fell nearly 12% in reaction, indicating investor disappointment, likely due to the lack of revenue information and guidance. The market may be concerned about future growth prospects without clear direction from management.

Company Snapshot

Procore Technologies, Inc. is a software company that provides a cloud-based platform for construction management....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$0.36

Revenue

Revenue figures will provide insight into the company's sales growth and overall market demand for its software solutions.

$353M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Procore Technologies, Inc. is a software company that provides a cloud-based platform for construction management. As part of the Information Technology sector, Procore plays a crucial role in improving efficiency and collaboration in the construction industry, which is increasingly relying on technology to manage projects and resources effectively.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+1185.68%

Avg Stock Reaction

-2.88%

Last Quarter Recap

In the last quarter, Procore reported an EPS of $0.37, significantly beating expectations. However, the stock reacted negatively, dropping 1.56% the following day.

Management Promises & Guidance

Continued focus on expanding product offerings.
Commitment to enhancing customer support.
Plans to invest in marketing to drive user acquisition.

Expectations

Wall Street Expectations

Analysts expect Procore to report solid earnings, with a consensus EPS of $0.36 and revenue of $353M. Given the company's strong history of beating EPS estimates, there is cautious optimism.

Bull Case

If Procore exceeds expectations, it could indicate strong demand for its services and effective cost management, potentially driving the stock higher.

Bear Case

On the other hand, if the company fails to meet expectations, it could raise concerns about slowing growth in the construction tech sector.

Key Metrics to Watch

EPS

$0.36

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$353M

Revenue figures will provide insight into the company's sales growth and overall market demand for its software solutions.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Procore's revenue growth meet or exceed the consensus estimate of $353M?

Revenue performance is critical for assessing the company's market position and growth trajectory, especially in a competitive environment.

Can Procore maintain or improve its EPS above the consensus of $0.36?

Earnings performance will be closely scrutinized to gauge profitability and operational efficiency, impacting investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Procore's revenue potential given the ongoing digital transformation in the construction industry, which could drive higher demand for its services.

Supporting Evidence

Procore has consistently beaten EPS estimates, indicating stronger-than-expected performance.

The options market is pricing a larger move than historical averages, suggesting heightened expectations.

Insider selling may indicate a lack of confidence in the stock's immediate outlook, contrasting with bullish analyst sentiment.

Key Risk

If revenue growth falls below the expected $353M, it could challenge the optimistic outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will indicate whether Procore can sustain its growth momentum amidst market challenges.

Bull Confirmed If

An EPS of $0.40 or higher would confirm strong operational performance and market demand.

Bear Confirmed If

An EPS below $0.30 would raise concerns about profitability and growth sustainability.

Pre-Earnings Positioning

Options Market

Implied Move

±11.32%

Historical Avg

±3.5%

Pricing rich

The options market is pricing in a significant move, suggesting that investors are anticipating volatility around the earnings report.

Options are pricing ±10.9% while PCOR has averaged ±3.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

58.1%

Calls (103K)P/C Ratio: 0.05Puts (5K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Procore beats expectations, history suggests the stock could see a positive reaction, potentially around a 1.42% increase.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a decline, with historical patterns suggesting a potential drop of around 1.37%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product features or enhancements.
2Insights into customer acquisition strategies and market demand.
3Discussion on competitive landscape and how Procore plans to differentiate.
4Management's outlook on the construction industry's recovery and technology adoption.
5Any commentary on cost management and operational efficiency.

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Company Snapshot

Procore Technologies, Inc. is a software company that provides a cloud-based platform for construction management....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$0.36

Revenue

Revenue figures will provide insight into the company's sales growth and overall market demand for its software solutions.

$353M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+1185.68%

Avg Stock Reaction

-2.88%

Last Quarter Recap

In the last quarter, Procore reported an EPS of $0.37, significantly beating expectations. However, the stock reacted negatively, dropping 1.56% the following day.

Management Promises & Guidance

Continued focus on expanding product offerings.
Commitment to enhancing customer support.
Plans to invest in marketing to drive user acquisition.

Expectations

Wall Street Expectations

Analysts expect Procore to report solid earnings, with a consensus EPS of $0.36 and revenue of $353M. Given the company's strong history of beating EPS estimates, there is cautious optimism.

Bull Case

If Procore exceeds expectations, it could indicate strong demand for its services and effective cost management, potentially driving the stock higher.

Bear Case

On the other hand, if the company fails to meet expectations, it could raise concerns about slowing growth in the construction tech sector.

Key Metrics to Watch

EPS

$0.36

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$353M

Revenue figures will provide insight into the company's sales growth and overall market demand for its software solutions.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Procore's revenue growth meet or exceed the consensus estimate of $353M?

Revenue performance is critical for assessing the company's market position and growth trajectory, especially in a competitive environment.

Can Procore maintain or improve its EPS above the consensus of $0.36?

Earnings performance will be closely scrutinized to gauge profitability and operational efficiency, impacting investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Procore's revenue potential given the ongoing digital transformation in the construction industry, which could drive higher demand for its services.

Supporting Evidence

Procore has consistently beaten EPS estimates, indicating stronger-than-expected performance.

The options market is pricing a larger move than historical averages, suggesting heightened expectations.

Insider selling may indicate a lack of confidence in the stock's immediate outlook, contrasting with bullish analyst sentiment.

Key Risk

If revenue growth falls below the expected $353M, it could challenge the optimistic outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will indicate whether Procore can sustain its growth momentum amidst market challenges.

Bull Confirmed If

An EPS of $0.40 or higher would confirm strong operational performance and market demand.

Bear Confirmed If

An EPS below $0.30 would raise concerns about profitability and growth sustainability.

Pre-Earnings Positioning

Options Market

Implied Move

±11.32%

Historical Avg

±3.5%

Pricing rich

The options market is pricing in a significant move, suggesting that investors are anticipating volatility around the earnings report.

Options are pricing ±10.9% while PCOR has averaged ±3.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

58.1%

Calls (103K)P/C Ratio: 0.05Puts (5K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Procore beats expectations, history suggests the stock could see a positive reaction, potentially around a 1.42% increase.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a decline, with historical patterns suggesting a potential drop of around 1.37%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product features or enhancements.
2Insights into customer acquisition strategies and market demand.
3Discussion on competitive landscape and how Procore plans to differentiate.
4Management's outlook on the construction industry's recovery and technology adoption.
5Any commentary on cost management and operational efficiency.