Published on 6 Nov 2023 on Zacks via Yahoo Finance

Unveiling Bentley Systems, Incorporated (BSY) Q3 Outlook: Wall Street Estimates for Key Metrics

In its upcoming report, Bentley Systems, Incorporated (BSY) is predicted by Wall Street analysts to post quarterly earnings of $0.19 per share, reflecting no change compared to the same period last year. Revenues are forecasted to be $299.9 million, representing a year-over-year increase of 11.8%.

Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.