Equity Profile

PCOR

Procore Technologies, Inc.

Information TechnologyApplication Software$6.6B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Procore Technologies, Inc. is a software company that provides project management solutions for the construction industry....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability, and investors will be looking for continued growth after recent surprises.

$0.34

Revenue Growth

While specific revenue estimates are not available, growth in revenue is crucial for validating the company's expansion and market demand.

N/A

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

PCOR Q2-2026 Earnings Preview

Context

Company Snapshot

Procore Technologies, Inc. is a software company that provides project management solutions for the construction industry. As part of the Information Technology sector, it plays a significant role in digitizing construction processes, which is increasingly important as the industry embraces technology to improve efficiency and reduce costs.

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 Q1 2026, Procore reported an EPS of $0.34, significantly beating expectations by over 750%. However, the stock fell 11.93% the following day, indicating mixed market reactions despite strong performance.

Management Promises & Guidance

Continued focus on enhancing product features to improve user experience.
Commitment to expanding market reach through strategic partnerships.
Plans to invest in customer support to boost retention and satisfaction.

Expectations

Wall Street Expectations

Overall, expectations are mixed as Procore has consistently beaten EPS estimates, but the stock has reacted negatively post-earnings. Investors will be keen to see if this trend continues or if the company can sustain its growth momentum.

Bull Case

If Procore continues its trend of beating EPS estimates and shows strong revenue growth, it could signal robust demand for its services, leading to positive stock performance.

Bear Case

On the other hand, if the company fails to meet expectations or shows signs of slowing growth, it could lead to further declines in the stock price, especially given the recent volatility.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.34

EPS is a key indicator of profitability, and investors will be looking for continued growth after recent surprises.

Revenue Growth

N/A

While specific revenue estimates are not available, growth in revenue is crucial for validating the company's expansion and market demand.

Customer Retention Rate

N/A

High customer retention indicates satisfaction and loyalty, which are vital for long-term success in the software industry.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Procore's EPS exceed $0.34, and what are the implications for future growth?

Given the company's history of beating EPS estimates, a strong performance could reinforce investor confidence and drive the stock price higher.

What is the revenue growth rate, and how does it compare to previous quarters?

Revenue growth is crucial for validating the company's expansion strategy and market demand, and any signs of slowing could raise concerns among investors.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Procore's growth potential, as recent EPS surprises indicate a stronger operational performance than anticipated.

Supporting Evidence

Procore has consistently beaten EPS estimates, suggesting a trend of underestimated performance.

The options market is pricing a significant move, indicating expectations for volatility that may not align with actual performance.

The company's focus on customer retention and product enhancement may lead to sustained revenue growth.

Key Risk

If EPS comes in below $0.30, it could undermine the positive narrative and lead to a reevaluation of growth expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus will be on whether Procore can maintain its impressive EPS growth while also addressing revenue growth and customer retention.

Bull Confirmed If

An EPS of $0.40 or higher would confirm strong operational performance and growth potential.

Bear Confirmed If

An EPS below $0.30 would raise concerns about demand and profitability, confirming the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±12.93%

Historical Avg

±3.5%

Pricing rich

The options market is pricing in a significant move around the earnings report, suggesting that traders expect notable volatility.

Options are pricing a 12.93% move, while the stock has averaged only 3.5% over the last 8 quarters — indicating a rich setup.

Detail

ATM IV

0.6%

30d HV

59.0%

Calls (16K)P/C Ratio: 0.14Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Information Technology

n=30

Fade rate: 4 of 9 (44%)

This setup has occurred 30 times across Information Technology in the last 2 years. 4 of 9 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.4%, with a raw directional average of -0.5% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Procore beats expectations and raises guidance, history suggests the stock could see an average one-day move of +2.88%, confirming strong market demand.

In-Line / Cautious

If results are in line with expectations but management's commentary is cautious, the stock may experience muted movement as investors reassess growth prospects.

Miss

If the company misses EPS expectations, history suggests a potential decline of around -2.88%, indicating disappointment among investors.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer retention rates and their impact on revenue growth.
2Details on new product features and enhancements that could drive user engagement.
3Insights into market expansion strategies and potential partnerships.
4Management's outlook on industry trends and how they plan to adapt.
5Any commentary on competitive pressures and how Procore plans to maintain its market position.

See the full picture

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Company Snapshot

Procore Technologies, Inc. is a software company that provides project management solutions for the construction industry....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability, and investors will be looking for continued growth after recent surprises.

$0.34

Revenue Growth

While specific revenue estimates are not available, growth in revenue is crucial for validating the company's expansion and market demand.

N/A

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

PCOR Q2-2026 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

Management Promises & Guidance

Continued focus on enhancing product features to improve user experience.
Commitment to expanding market reach through strategic partnerships.
Plans to invest in customer support to boost retention and satisfaction.

Expectations

Wall Street Expectations

Bull Case

If Procore continues its trend of beating EPS estimates and shows strong revenue growth, it could signal robust demand for its services, leading to positive stock performance.

Bear Case

On the other hand, if the company fails to meet expectations or shows signs of slowing growth, it could lead to further declines in the stock price, especially given the recent volatility.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.34

EPS is a key indicator of profitability, and investors will be looking for continued growth after recent surprises.

Revenue Growth

N/A

While specific revenue estimates are not available, growth in revenue is crucial for validating the company's expansion and market demand.

Customer Retention Rate

N/A

High customer retention indicates satisfaction and loyalty, which are vital for long-term success in the software industry.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Procore's EPS exceed $0.34, and what are the implications for future growth?

Given the company's history of beating EPS estimates, a strong performance could reinforce investor confidence and drive the stock price higher.

What is the revenue growth rate, and how does it compare to previous quarters?

Revenue growth is crucial for validating the company's expansion strategy and market demand, and any signs of slowing could raise concerns among investors.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Procore's growth potential, as recent EPS surprises indicate a stronger operational performance than anticipated.

Supporting Evidence

Procore has consistently beaten EPS estimates, suggesting a trend of underestimated performance.

The options market is pricing a significant move, indicating expectations for volatility that may not align with actual performance.

The company's focus on customer retention and product enhancement may lead to sustained revenue growth.

Key Risk

If EPS comes in below $0.30, it could undermine the positive narrative and lead to a reevaluation of growth expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus will be on whether Procore can maintain its impressive EPS growth while also addressing revenue growth and customer retention.

Bull Confirmed If

An EPS of $0.40 or higher would confirm strong operational performance and growth potential.

Bear Confirmed If

An EPS below $0.30 would raise concerns about demand and profitability, confirming the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±12.93%

Historical Avg

±3.5%

Pricing rich

The options market is pricing in a significant move around the earnings report, suggesting that traders expect notable volatility.

Options are pricing a 12.93% move, while the stock has averaged only 3.5% over the last 8 quarters — indicating a rich setup.

Detail

ATM IV

0.6%

30d HV

59.0%

Calls (16K)P/C Ratio: 0.14Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Information Technology

n=30

Fade rate: 4 of 9 (44%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Procore beats expectations and raises guidance, history suggests the stock could see an average one-day move of +2.88%, confirming strong market demand.

In-Line / Cautious

If results are in line with expectations but management's commentary is cautious, the stock may experience muted movement as investors reassess growth prospects.

Miss

If the company misses EPS expectations, history suggests a potential decline of around -2.88%, indicating disappointment among investors.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer retention rates and their impact on revenue growth.
2Details on new product features and enhancements that could drive user engagement.
3Insights into market expansion strategies and potential partnerships.
4Management's outlook on industry trends and how they plan to adapt.
5Any commentary on competitive pressures and how Procore plans to maintain its market position.