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

Reuters
08 Nov 2024

* Bentley Systems Inc 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

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