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Bentley Systems Incorporated Cl Down 0.64% To $40.47 After Earnings Beat

Tuesday, August 09, 2022 03:19 PM | InvestorsObserver Analysts
Bentley Systems Incorporated Cl Down 0.64% To $40.47 After Earnings Beat

Bentley Systems Incorporated Cl (BSY) said before open Tuesday that it earned $0.22 per share in quarter two 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $268.3 million, beating estimates by $515 thousand.

In the same quarter a year ago, the company earned $0.23 per share on revenue of $222.9 million.

The stock is down 0.64% to $40.47 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 38. Meanwhile, the average Wall Street analyst rated the stock a Buy.

Bentley Systems Inc is a provider of software solutions to engineers, architects, geospatial professionals, constructors, and owner-operators for the design, construction, and operations of infrastructure. The software enables digital workflows across engineering disciplines, distributed project teams, from offices to the field, and across computing form factors, including desktops, on-premises servers, cloud-native services, mobile devices, and web browsers. The solutions are delivered via on-premise, cloud, and hybrid environments. Its geographical segments are Americas; Europe, the Middle East, and Africa; and Asia-Pacific.

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