Earnings Beat: Bentley Systems, Incorporated Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models [Yahoo! Finance]
Bentley Systems, Incorporated - Class B (BSY)
Company Research
Source: Yahoo! Finance
Revenues were US$338m, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at US$0.22, an impressive 22% ahead of estimates. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year. Check out our latest analysis for Bentley Systems Taking into account the latest results, the current consensus from Bentley Systems' 14 analysts is for revenues of US$1.36b in 2024. This would reflect a meaningful 8.8% increase on its revenue over the past 12 months. Statutory earnings per share are expected to tumble 33% to US$0.74 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$1.36b and earnings per share (EPS)
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News
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- Bentley Systems (BSY) Upgraded to Buy: What Does It Mean for the Stock? [Yahoo! Finance]Yahoo! Finance
- Bentley Systems, Incorporated (NASDAQ:BSY) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Bentley Systems, Incorporated (NASDAQ: BSY) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $63.00 price target on the stock, up previously from $60.00.MarketBeat
BSY
Earnings
- 5/7/24 - Beat
BSY
Sec Filings
- 5/13/24 - Form 4
- 5/9/24 - Form 4
- 5/7/24 - Form 10-Q
- BSY's page on the SEC website