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

Bentley Systems

06/08/2024 14:31

* Bentley Systems Inc  BSY.OQ  reported quarterly adjusted
earnings of 31 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of 24 cents.  The mean expectation of
twelve analysts for the quarter was for earnings of 23 cents per
share. Wall Street expected results to range from 20 cents to 25
cents per share.
    * Revenue rose 11.3% to $330.34 million from a year ago;
analysts
expected $325.07 million. 
    * Bentley Systems Inc's reported EPS for the quarter was 22
cents​.
    * The company reported quarterly net income of $72.05
million.
    * Bentley Systems Inc shares had fallen by 9.3% this
quarter and
lost 14.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Bentley Systems
Inc is $61.76 
This summary was machine generated from LSEG data August 6 at
01:31 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
 Jun. 30 2024      0.23           0.31           Beat
 Mar. 31 2024      0.26           0.31           Beat
 Dec. 31 2023      0.18           0.20           Beat
 Sep. 30 2023      0.19           0.22           Beat