Bentley Systems announced its Q4 2024 results, achieving revenue expectations but falling short on non-GAAP earnings per share. The software market for Bentley is expected to expand greatly, thanks to digital twins and cloud technology, although it is dealing with strong competition and difficulties in China. Financially, the company shows steady revenue but a drop in operating income and earnings per share, as rising selling, general, and administrative costs, along with research and development expenses, are affecting profit margins.
Bentley Systems, Incorporated (NASDAQ:BSY) will hold a conference call on February 26, 2025, at 8:15 AM ET to discuss their Q4 2024 results. The call will feature company leaders including Greg Bentley, Nicholas Cumins, and Werner Andre, along with various analysts from different financial institutions. Eric Boyer, the Investor Relations Officer, will open the call and welcome participants.
Bentley Systems, Incorporated (BSY) reported quarterly earnings of $0.21 per share, which is lower than the Zacks Consensus Estimate of $0.23 per share. This is an increase compared to earnings of $0.20 per share from the same period last year.
EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems has announced that nominations for the 2025 Going Digital Awards are now being accepted. The last day to submit nominations is March 31, 2025.
Bentley Systems (BSY -0.45%) is a promising growth stock with a bright future ahead. This company specializes in infrastructure-engineering software and is a top player in its field, providing investors with a rare chance to benefit from both infrastructure investments, which have support from both political parties, and the growing trend of digitizing engineering processes.
The company's value is lower than usual, which doesn't make sense given its strong profit margins. It offers unique products in infrastructure engineering, and more companies are starting to use digital twin technology. Additionally, it shows great operational efficiency, as seen in its high free cash flow and customer loyalty.
We have raised the BSY rating to "buy" because it is currently valued attractively at 40 times its expected earnings. The company is likely to see revenue growth speed up to the mid-teens percentage in the next few years, driven by new AI-based "Plus" applications and more people using E365 subscriptions, which will improve efficiency. The drop in valuation presents a good opportunity to invest, and if growth picks up, BSY should be valued at its historical average of 46 times forward earnings.
Investors should closely monitor Bentley Systems (BSY) stock due to recent changes in the options market.
Bentley Systems, Incorporated (NASDAQ:BSY) will hold its Q3 2024 Earnings Conference Call on November 7, 2024, at 8:15 AM ET. The call will feature company leaders including Eric Boyer, Greg Bentley, Nicholas Cumins, Werner Andre, and Julien Moutte. Participants from various financial firms will also join the discussion, and Eric Boyer will open the call by welcoming everyone.
Bentley Systems has recently teamed up with Google and bought a geospatial technology company called Cesium, which will help them take advantage of the growing digital twin market. The company shows strong earnings quality, especially with its cash flow conversion rate and recurring revenue. After reviewing its earnings quality and new growth strategies, I have upgraded my rating for Bentley Systems to a Buy.