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Bentley Systems (DE:BS81)
FRANKFURT:BS81
Holding DE:BS81?
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
€0.21Last Year’s EPS
€0.19Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -3.71%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
Bentley Systems reported strong ARR growth and subscription revenue increases, driven by successful E365 and SMB initiatives, and strategic acquisitions and partnerships. Despite challenges in China and a decline in professional services revenue, the overall market sentiment and performance remain positive.Company Guidance
During the Bentley Systems Q3 2024 earnings call, the executives provided detailed guidance on several key metrics and strategic initiatives. They reported a 12% year-over-year growth in Annual Recurring Revenue (ARR), with notable contributions from E365 and Virtuosity growth initiatives, and a 12.5% growth excluding China. Subscription revenues, which now account for 91% of total revenues, also grew by 12%. Bentley Systems maintained a compounded annual growth rate of 15% in both Adjusted Operating Income (AOI) less Stock-Based Compensation (SBC) and Free Cash Flow (FCF) less SBC. The company highlighted its strategic acquisition of Cesium and its partnership with Google to enhance digital twin capabilities and 3D geospatial applications. They are also focusing on asset analytics, leveraging AI to generate insights into infrastructure asset conditions. The guidance reflects a strong cash flow conversion rate, now expected to gravitate towards 85%, and consistent margin improvement targets, with expectations to exceed the midpoint of their 10.5% to 13% ARR growth outlook for 2024. The executives underscored the importance of their ongoing strategic initiatives and partnerships to drive future growth, while maintaining strong profitability and cash flow.Strong ARR Growth
ARR growth accelerated to 12% year-over-year, with E365 and SMB initiatives being major growth drivers. Excluding the impact of China, ARR growth was 12.5%.
High Subscription Revenue
Subscription revenues grew 12% year-over-year, now representing 91% of total revenues, up from 88% in the prior year.
Successful Acquisition of Cesium
Acquisition of Cesium to enhance 3D geospatial capabilities. Cesium's open-source platform has strong potential for new subscriptions.
Positive Market Sentiment
Broad-based ARR performance across sectors and geographies, with strong growth in Americas, EMEA, and Asia Pacific.
Strategic Partnership with Google
Partnership to integrate Google's 3D Tiles into Bentley software, enhancing user experiences.
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DE:BS81 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:BS81 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | €46.94 | €46.14 | -1.70% |
| Aug 06, 2024 | €40.70 | €40.90 | +0.49% |
| May 07, 2024 | €49.02 | €49.22 | +0.41% |
| Feb 27, 2024 | €47.57 | €47.77 | +0.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bentley Systems (DE:BS81) report earnings?
Bentley Systems (DE:BS81) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Bentley Systems (DE:BS81) earnings time?
Bentley Systems (DE:BS81) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Bentley Systems stock?
The P/E ratio of Bentley Systems is 40.6.
What is DE:BS81 EPS forecast?
DE:BS81 EPS forecast for the fiscal quarter 2024 (Q4) is €0.21.
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