Bentley Systems Inc reports results for the quarter ended in December - Earnings Summary

Bentley Systems

27/02/2024 14:31

* Bentley Systems Inc  BSY.OQ  reported quarterly adjusted
earnings of 20 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 19 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 18 cents per
share. Wall Street expected results to range from 12 cents to 22
cents per share.
    * Revenue rose 8.3% to $310.64 million from a year ago;
analysts
expected $313.23 million. 
    * Bentley Systems Inc's reported EPS for the quarter was 54
cents​.
    * The company reported quarterly net income of $179.59
million.
    * Bentley Systems Inc shares had risen by 0.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Bentley
Systems
Inc is $59.92 

This summary was machine generated from LSEG data February 27 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.18           0.20           Beat
 Sep. 30 2023      0.19           0.22           Beat
 Jun. 30 2023      0.19           0.24           Beat
 Mar. 31 2023      0.21           0.25           Beat