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Compared to Estimates, Bentley Systems (BSY) Q1 Earnings: A Look at Key Metrics
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For the quarter ended March 2024, Bentley Systems, Incorporated (BSY - Free Report) reported revenue of $337.76 million, up 7.4% over the same period last year. EPS came in at $0.31, compared to $0.25 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $335 million, representing a surprise of +0.83%. The company delivered an EPS surprise of +19.23%, with the consensus EPS estimate being $0.26.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Bentley Systems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Revenue - YoY growth: 7.4% versus the three-analyst average estimate of 5.8%.
Annualized Recurring Revenue (ARR): $1.19 billion versus the two-analyst average estimate of $1.18 billion.
Revenue - Subscriptions - YoY growth: 10.5% versus the two-analyst average estimate of 7%.
Revenues- Services: $21.16 million compared to the $27.28 million average estimate based on three analysts. The reported number represents a change of -21.7% year over year.
Revenues- Subscriptions: $307.09 million versus the two-analyst average estimate of $297.33 million. The reported number represents a year-over-year change of +10.5%.
Revenues- Perpetual licenses: $9.51 million versus the two-analyst average estimate of $9.83 million. The reported number represents a year-over-year change of -0.4%.
Shares of Bentley Systems have returned +6.2% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Bentley Systems (BSY) Q1 Earnings: A Look at Key Metrics
For the quarter ended March 2024, Bentley Systems, Incorporated (BSY - Free Report) reported revenue of $337.76 million, up 7.4% over the same period last year. EPS came in at $0.31, compared to $0.25 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $335 million, representing a surprise of +0.83%. The company delivered an EPS surprise of +19.23%, with the consensus EPS estimate being $0.26.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Bentley Systems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Revenue - YoY growth: 7.4% versus the three-analyst average estimate of 5.8%.
- Annualized Recurring Revenue (ARR): $1.19 billion versus the two-analyst average estimate of $1.18 billion.
- Revenue - Subscriptions - YoY growth: 10.5% versus the two-analyst average estimate of 7%.
- Revenues- Services: $21.16 million compared to the $27.28 million average estimate based on three analysts. The reported number represents a change of -21.7% year over year.
- Revenues- Subscriptions: $307.09 million versus the two-analyst average estimate of $297.33 million. The reported number represents a year-over-year change of +10.5%.
- Revenues- Perpetual licenses: $9.51 million versus the two-analyst average estimate of $9.83 million. The reported number represents a year-over-year change of -0.4%.
View all Key Company Metrics for Bentley Systems here>>>Shares of Bentley Systems have returned +6.2% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.