Nucor earnings beat by $0.08, revenue fell short of estimates
Bentley Systems Inc. (BSY), a leading provider of comprehensive software solutions for advancing infrastructure, has seen its stock price touch a 52-week low, dipping to $43.8. The company maintains impressive gross profit margins of ~81% and has delivered solid revenue growth of 10.15% over the last twelve months, according to InvestingPro data. This latest price movement reflects a challenging period for the company, which has experienced a 1-year change with a decline of -13.34%. Investors are closely monitoring Bentley Systems as it navigates through the dynamic market conditions that have impacted its stock value, keeping an eye on potential rebounds or further adjustments in its share price trajectory. InvestingPro analysis indicates the stock is currently trading at Fair Value, with 12 additional exclusive insights available to subscribers, including detailed valuation metrics and growth indicators.
In other recent news, Bentley Systems Inc. reported its Q4 2024 earnings, revealing an earnings per share (EPS) of $0.21, slightly below the forecasted $0.22. The company’s revenue also fell short of expectations, reaching $349.8 million compared to the anticipated $351.35 million. Despite these misses, Bentley Systems demonstrated a 13% year-over-year increase in revenue, largely driven by a 16% growth in subscription services, which now make up 90% of total revenues. The company has launched OpenSight Plus, its first AI-powered infrastructure engineering application, as part of its strategic focus on AI and digital transformation. In another development, Oppenheimer downgraded Bentley Systems’ stock rating from Outperform to Perform, citing a lack of catalysts in the competitive AI market. The analysts noted that while Bentley Systems has a strong business model and cash flow, investor preference is shifting toward companies with higher growth potential. Looking ahead, Bentley Systems projects total revenues between $1.461 billion and $1.490 billion for 2025, with subscription revenue growth expected to range from 10.5% to 12.5%. The company remains optimistic about its growth prospects, particularly in infrastructure engineering markets, despite ongoing challenges in the Chinese market.
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