Bentley Systems, Incorporated reports results for the quarter ended September 30 - Earnings Summary

• Bentley Systems, Incorporated reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 27 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 33 cents per share. Wall Street expected results to range from 27 cents to 35 cents per share.

• Revenue rose 12.2% to $421.51 million from a year ago; analysts expected $420.76 million.

• Bentley Systems, Incorporated's reported EPS for the quarter was 29 cents​.

• The company reported quarterly net income of $89.93 million.

• Bentley Systems, Incorporated shares had risen by 36.6% this quarter and gained 14.3% 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 negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "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, Incorporated is $44.43, about 1.8% above its last closing price of $43.64

This summary was machine generated from LSEG data November 5 at 07:07 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)