Post-earnings recap
Reported
Tue, May 5, 2026
EPS actual
$0.34
EPS est.
$-0.05
EPS surprise
+753.85%
1-day move
-11.93%
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.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.34 | $0.36 | +753.85% |
| Revenue | — | $353M | — |
No transcript is on record, and the analysis is based on numerical results only.
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.
Last quarter
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 and guidance
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+1426.35%
Avg 1-day reaction
-1.87%
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
$0.36Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.
Revenue
$353MRevenue figures will provide insight into the company's sales growth and overall market demand for its software solutions.
The print will turn on these.
Q1
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.
Q2
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.
—
Est. EPS
$0.01
Est. Rev
$918M
Impl. Move
±9.1%
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.
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.
What the market is pricing for the move.
Implied Move
±11.32%
Historical Avg
±3.1%
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 ±3.1% over the last 8 prints — setup is pricing rich.
ATM IV
0.8%
30d HV
58.1%
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$830,914.74
15,384 sh
1 insider
Net
$830,914.74
Net selling
Most Active Insiders· 5 open-market trades
Smart-money positioning from the most recent 13F filings.
Institutional
97.23%
of float
Insider
9.26%
of float
Holders
545
institutions
Top Holders· as of Jun 2026
ICONIQ Capital, LLC
14,622,019 sh · $801.3M
9.62%
0.0%
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%.
The lines on the call that would change the story.
$830,914.74
Net selling
Recent Transactions
Oct 6, 2026 · @ $54.36
5,769 sh
$313,602.84
Oct 5, 2026 · @ $52.83
4,478 sh
$236,572.74
Oct 5, 2026 · @ $55.08
1,923 sh
$105,918.84
Oct 6, 2026 · @ $55.02
1,923 sh
$105,803.46
Oct 5, 2026 · @ $53.46
1,291 sh
$69,016.86
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.
Morgan Stanley
11,417,627 sh · $625.7M
7.51%
25.7%
Blackrock Inc.
7,394,012 sh · $405.2M
4.87%
-1.9%
Vanguard Portfolio Management LLC
6,977,964 sh · $382.4M
4.59%
2.5%
Price (T.Rowe) Associates Inc
6,622,309 sh · $362.9M
4.36%
18.3%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.