Bentley Systems Inc reports results for the quarter ended in September 30 - Earnings Summary

Bentley Systems

07/11/2024 20:45

* Bentley Systems Inc  BSY.OQ  reported quarterly adjusted
earnings of 24 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 22 cents.  The mean expectation of
twelve analysts for the quarter was for earnings of 24 cents per
share. Wall Street expected results to range from 21 cents to 29
cents per share.
    * Revenue rose 9.3% to $335.17 million from a year ago;
analysts
expected $340.74 million. 
    * Bentley Systems Inc's reported EPS for the quarter was 13
cents​.
    * The company reported quarterly net income of $42.34
million.
    * Bentley Systems Inc shares had fallen by 1.7% this
quarter and
lost 4.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 4
"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 61.00 
This summary was machine generated from LSEG data November 7 at
08:44 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
 Sep. 30 2024      0.24           0.24           Met
 Jun. 30 2024      0.23           0.31           Beat
 Mar. 31 2024      0.26           0.31           Beat
 Dec. 31 2023      0.18           0.20           Beat