Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Procore Technologies Inc (PCOR)
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-11-04
$75.60+19.68%
Close 2026-11-04 · 1-day change
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
2.46 → 2.46 EPS · FY ending Dec 31, 2027 · 5 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 10 to 5; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for PCOR yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
4 published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Maintain free cash flow margin at 19% in 2026 | Free cash flow margin goal is 19%. | Improving | Free cash flow margin falls below 15% in FY26 | Free cash flow: $64.527M FY2026-Q2; GAAP. Published target: >=19% free cash flow margin. Annual target cannot be compared with a quarterly or TTM observation. Jul 31, 202664,527,000 USD · calculatedLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 3 of 3 supplied quarters. Management reported: “◦ Free cash flow margin is expected to be 19.5%.” “Once Procore’s business needs and obligations are met, cash can be used to maintain a strong balance sheet, invest in future growth, and execute our stock repurchase program.” Operating cash flow was $76.756 million in 2026-Q1. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Next earnings date unavailable
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a growth-oriented software business with improving operating performance, but it is not yet consistently profitable under the evidence provided. The multi-year view is on watch: company quality improved, though recent financial performance remains below its industry cohort.
PCOR is tagged as stretched, with a durable premium versus peers, and the valuation model has low confidence. That premium suggests the market already expects the business to sustain growth and improve its fundamentals, leaving less room for execution to disappoint.
Near term, revenue growth and cash generation look solid: second-quarter 2026 revenue grew 16% year over year, and full-year guidance calls for 14.5% growth at the high end and a 19.5% free cash flow margin. Non-GAAP operating margin reached 21% in the quarter, above the full-year guidance range, but reported performance is still classified as neutral and earnings quality as loss-making. A guidance cut remains a key near-term risk, despite a recent earnings beat and a low estimated miss probability.
The multi-year thesis depends on PCOR continuing double-digit growth while sustaining stronger cash generation and improving margins. Near term, a guidance cut could weaken confidence, while lower interest rates or steadier results and guidance from large technology peers could support the sector backdrop.
Over the next one to three years, PCOR combines a promising growth and cash-generation trajectory with elevated risk, a stretched valuation, and a need to show consistent execution. The thesis remains on watch, with confidence limited by its loss-making status and performance below its industry cohort. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Successful product launches and leadership stability | New product launches support growth. | Improving | Failure to launch key products or leadership disruptions | Qualitative: Q3 beat + DroneDeploy acquisition completed Q3 earnings beat, FY26 revenue outlook raised, and DroneDeploy acquisition completed. Nov 4, 2026Last status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Improve non-GAAP operating margin to 18.5% in 2026 | A primary condition in Procore Technologies Inc's published investment case. The stated target is >=18.5% operating margin. | Improving | Operating margin falls below 14% in FY26 | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 3 of 3 supplied quarters. Management reported: “• Full Year 2027 Outlook: ◦ Non-GAAP operating margin is expected to be 25%.” “◦ Non-GAAP operating margin is expected to be in the range of 18.5% to 19.0%.” Operating income was $4.327 million in 2026-Q2. Delivery assessment Nov 4, 2026 |
Achieve 13.6% revenue growth in 2026 | A primary condition in Procore Technologies Inc's published investment case. The stated target is >=13.6% YoY growth, revenue ~$1.5B. | Intact | YoY revenue growth falls below ~13.6% in FY26 | Revenue growth: 15.83% FY2026-Q2; GAAP. Published target: >=13.6% YoY growth, revenue ~$1.5B. Annual target cannot be compared with a quarterly or TTM observation. Jul 31, 202615.833588 percent · calculatedLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$2.11 → $2.46 · observed estimates
$1.70B → $1.73B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $2.11 | $1,698,821,970 | 20 / 20 |
| 2026-07-25 | $2.10 | $1,698,932,070 | 21 / 20 |
| 2026-07-26 | $2.10 | $1,698,932,070 | 21 / 20 |
| 2026-07-27 | $2.10 | $1,698,932,070 | 21 / 20 |
| 2026-07-28 | $2.10 | $1,698,932,070 | 21 / 20 |
| 2026-07-29 | $2.10 | $1,698,811,490 | 21 / 21 |
| 2026-07-30 | $2.10 | $1,698,811,490 | 21 / 21 |
| 2026-07-31 | $2.29 | $1,713,262,206 | 9 / 16 |
| 2026-08-01 | $2.29 | $1,713,262,206 | 9 / 16 |
| 2026-08-02 | $2.35 | $1,712,282,840 | 18 / 20 |
| 2026-08-03 | $2.44 | $1,723,649,192 | 10 / 16 |
| 2026-08-04 | $2.35 | $1,712,282,840 | 18 / 20 |
| 2026-08-05 | $2.37 | $1,713,463,140 | 18 / 20 |
| 2026-08-06 | $2.44 | $1,723,649,192 | 10 / 16 |
| 2026-08-07 | $2.44 | $1,723,649,192 | 10 / 16 |
| 2026-08-08 | $2.44 | $1,723,649,192 | 10 / 16 |
| 2026-08-09 | $2.44 | $1,723,649,192 | 10 / 16 |
| 2026-08-10 | $2.37 | $1,713,463,140 | 18 / 20 |
| 2026-08-12 | $2.44 | $1,723,649,192 | 10 / 16 |
| 2026-08-13 | $2.44 | $1,723,649,192 | 10 / 16 |
| 2026-08-14 | $2.44 | $1,723,649,192 | 10 / 16 |
| 2026-08-15 | $2.44 | $1,723,649,192 | 10 / 16 |
| 2026-08-16 | $2.44 | $1,723,649,192 | 10 / 15 |
| 2026-08-17 | $2.44 | $1,723,649,192 | 10 / 15 |
| 2026-08-18 | $2.44 | $1,723,649,192 | 10 / 15 |
| 2026-08-19 | $2.44 | $1,723,649,192 | 10 / 15 |
| 2026-08-20 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-08-21 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-08-22 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-08-23 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-08-24 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-08-25 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-08-26 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-08-27 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-08-28 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-08-29 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-08-30 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-08-31 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-09-01 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-09-02 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-09-03 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-09-04 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-09-05 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-09-06 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-09-07 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-09-08 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-09-09 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-09-10 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-09-11 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-09-12 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-09-13 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-09-14 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-09-15 | $2.46 | $1,723,358,555 | 10 / 15 |
| 2026-09-16 | $2.46 | $1,725,508,183 | 10 / 16 |
| 2026-09-17 | $2.46 | $1,725,508,183 | 10 / 16 |
| 2026-09-18 | $2.46 | $1,725,508,183 | 10 / 16 |
| 2026-09-19 | $2.46 | $1,725,508,183 | 10 / 16 |
| 2026-09-20 | $2.46 | $1,725,508,183 | 10 / 16 |
| 2026-09-21 | $2.46 | $1,725,508,183 | 10 / 16 |
| 2026-09-22 | $2.46 | $1,725,508,183 | 10 / 16 |
| 2026-09-23 | $2.46 | $1,725,508,183 | 10 / 16 |
| 2026-09-24 | $2.46 | $1,725,508,183 | 10 / 16 |
| 2026-09-25 | $2.46 | $1,725,508,183 | 10 / 16 |
| 2026-09-26 | $2.46 | $1,725,508,183 | 10 / 16 |
| 2026-09-27 | $2.46 | $1,725,508,183 | 10 / 16 |
| 2026-09-28 | $2.46 | $1,725,508,183 | 10 / 16 |
| 2026-09-29 | $2.46 | $1,725,508,183 | 10 / 16 |
| 2026-09-30 | $2.46 | $1,725,508,183 | 10 / 16 |
| 2026-10-01 | $2.46 | $1,725,508,183 | 10 / 16 |
| 2026-10-02 | $2.46 | $1,725,508,183 | 10 / 16 |
| 2026-10-03 | $2.46 | $1,725,493,436 | 10 / 16 |
| 2026-10-04 | $2.46 | $1,725,493,436 | 10 / 16 |
| 2026-10-05 | $2.46 | $1,725,493,436 | 10 / 16 |
| 2026-10-06 | $2.46 | $1,725,493,436 | 10 / 16 |
| 2026-10-07 | $2.46 | $1,725,493,436 | 10 / 16 |
| 2026-10-08 | $2.46 | $1,725,493,436 | 10 / 16 |
| 2026-10-09 | $2.46 | $1,725,493,436 | 10 / 16 |
| 2026-10-10 | $2.46 | $1,725,493,436 | 10 / 16 |
| 2026-10-11 | $2.46 | $1,725,493,436 | 10 / 16 |
| 2026-10-12 | $2.46 | $1,725,493,436 | 10 / 16 |
| 2026-10-13 | $2.46 | $1,725,493,436 | 10 / 16 |
| 2026-10-14 | $2.46 | $1,725,493,436 | 10 / 16 |
| 2026-10-15 | $2.46 | $1,725,493,436 | 10 / 16 |
| 2026-10-16 | $2.46 | $1,725,493,436 | 10 / 16 |
| 2026-10-17 | $2.46 | $1,725,493,436 | 10 / 16 |
| 2026-10-18 | $2.46 | $1,725,492,058 | 10 / 16 |
| 2026-10-19 | $2.46 | $1,725,492,058 | 10 / 16 |
| 2026-10-20 | $2.46 | $1,725,492,058 | 10 / 16 |
| 2026-10-21 | $2.46 | $1,725,491,993 | 10 / 16 |
| 2026-10-22 | $2.46 | $1,725,491,993 | 10 / 16 |
| 2026-10-23 | $2.46 | $1,725,491,993 | 10 / 16 |
| 2026-10-24 | $2.46 | $1,725,491,993 | 10 / 16 |
| 2026-10-25 | $2.46 | $1,725,491,993 | 5 / 5 |
| 2026-10-26 | $2.46 | $1,725,491,993 | 4 / 4 |
| 2026-10-27 | $2.46 | $1,725,491,993 | 4 / 4 |
| 2026-10-28 | $2.46 | $1,725,319,688 | 5 / 5 |
| 2026-10-29 | $2.45 | $1,724,268,868 | 5 / 5 |
| 2026-10-30 | $2.45 | $1,724,268,868 | 5 / 5 |
| 2026-10-31 | $2.45 | $1,724,268,868 | 5 / 4 |
| 2026-11-01 | $2.45 | $1,724,268,868 | 5 / 4 |
| 2026-11-02 | $2.45 | $1,724,268,868 | 5 / 4 |
| 2026-11-03 | $2.45 | $1,724,268,868 | 5 / 4 |
| 2026-11-04 | $2.46 | $1,729,241,334 | 5 / 5 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 19 Buy / Strong Buy · 6 Hold · 0 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 4 recorded
3 raises · 0 cuts · 0 unchanged · 1 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
3 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.