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

Bentley Systems

07/05/2024 16:47

* Bentley Systems Inc  BSY.OQ  reported quarterly adjusted
earnings of 31 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 25 cents.  The mean expectation of
twelve analysts for the quarter was for earnings of 26 cents per
share. Wall Street expected results to range from 23 cents to 29
cents per share.
    * Revenue rose 7.4% to $337.76 million from a year ago;
analysts
expected $340.13 million. 
    * Bentley Systems Inc's reported EPS for the quarter was 22
cents​.
    * The company reported quarterly net income of $70.31
million.
    * Bentley Systems Inc shares had risen by 2.5% this
quarter and
gained 2.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.8%
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 10 "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 $60.00 

This summary was machine generated from LSEG data May 7 at 03:47
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
 Mar. 31 2024      0.26           0.31           Beat
 Dec. 31 2023      0.18           0.20           Beat
 Sep. 30 2023      0.19           0.22           Beat
 Jun. 30 2023      0.19           0.24           Beat