Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Bentley Systems (BSY)
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-11-04
$44.94+2.98%
Close 2026-11-05 · 1-day change
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
1.57 → 1.57 EPS · FY ending Dec 31, 2027 · 10 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 9 to 10; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for BSY yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Maintain dividend at $0.07 per share | The company pays a steady $0.07 dividend per share, showing consistent shareholder returns. | Intact | Dividend per share falls below $0.07 in next 4 quarters | Dividend per share: $0.07 per share FY2026-Q2; GAAP. Published target: $0.07 per share dividend. Target period is not explicitly aligned with this observation. Aug 6, 20260.07 USD/share · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Nov 5, 2026
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
BSY is a growth-oriented software business, with recent financial performance in the top half of its industry. Its long-term thesis is intact, though the signal has shifted from mildly favorable to mixed and execution quality remains a concern.
BSY trades at a premium to peers, while the expectations gap is positive but the valuation model has low confidence. The evidence flags the valuation as expensive and the priced-in setup as unjustified, suggesting expectations may be demanding relative to execution.
Near-term results have been strong: revenue rose from $364.1 million in 2025-Q2 to $410.7 million in 2026-Q2, and constant-currency ARR growth stayed around 11.5% to 12%. Margins have eased, while management has kept growth and profitability among its priorities; guidance cuts are a key near-term risk despite a low estimated miss probability.
The multi-year view depends on sustaining revenue and ARR growth while stabilizing margins as platform costs are absorbed. Near term, a guidance cut would weigh on execution confidence, while Fed rate cuts or stabilization among large software peers could ease sector pressure.
As of 2026-10-31, BSY’s growth foundation remains intact, but its peer premium, elevated risk, and mixed execution make the expectations gap an important part of the 1-3 year thesis. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| Operating income improved strongly from $78.5M to $126.3M in one quarter. |
| Intact |
| Operating income falls below $110M over next 4 quarters |
Operating income: $88.608M FY2026-Q2; GAAP. Published target: Operating income >= $126M in next 4 quarters. Target period is not explicitly aligned with this observation. Aug 6, 202688,608,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Sustain revenue growth near 14% to about $1.7B | A primary condition in Bentley Systems's published investment case. The stated target is ~$1.7B total revenue. | Intact | Annual revenue falls below $1.6B in FY26 | Revenue: $410.727M FY2026-Q2; GAAP. Published target: ~$1.7B total revenue. Annual target cannot be compared with a quarterly or TTM observation. Aug 6, 2026410,727,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$1.58 → $1.57 · observed estimates
$1.88B → $1.87B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $1.58 | $1,878,075,340 | 16 / 16 |
| 2026-07-25 | $1.58 | $1,878,075,340 | 16 / 16 |
| 2026-07-26 | $1.58 | $1,878,075,340 | 16 / 16 |
| 2026-07-27 | $1.58 | $1,878,075,340 | 16 / 16 |
| 2026-07-28 | $1.58 | $1,878,075,340 | 16 / 16 |
| 2026-07-29 | $1.58 | $1,878,075,340 | 16 / 16 |
| 2026-07-30 | $1.58 | $1,878,075,340 | 16 / 16 |
| 2026-07-31 | $1.58 | $1,878,075,340 | 16 / 16 |
| 2026-08-01 | $1.54 | $1,876,167,026 | 9 / 13 |
| 2026-08-02 | $1.58 | $1,878,075,340 | 16 / 16 |
| 2026-08-03 | $1.58 | $1,878,075,340 | 16 / 16 |
| 2026-08-04 | $1.58 | $1,878,075,340 | 16 / 16 |
| 2026-08-05 | $1.58 | $1,878,075,340 | 16 / 16 |
| 2026-08-06 | $1.58 | $1,878,075,340 | 16 / 16 |
| 2026-08-07 | $1.54 | $1,875,129,345 | 9 / 13 |
| 2026-08-08 | $1.58 | $1,878,075,340 | 16 / 16 |
| 2026-08-09 | $1.56 | $1,873,893,090 | 17 / 15 |
| 2026-08-10 | $1.56 | $1,873,893,090 | 17 / 15 |
| 2026-08-11 | $1.54 | $1,875,129,345 | 9 / 13 |
| 2026-08-12 | $1.57 | $1,873,472,050 | 16 / 16 |
| 2026-08-13 | $1.54 | $1,875,129,345 | 9 / 13 |
| 2026-08-14 | $1.54 | $1,875,129,345 | 9 / 13 |
| 2026-08-15 | $1.54 | $1,875,129,345 | 9 / 13 |
| 2026-08-16 | $1.54 | $1,875,129,345 | 9 / 13 |
| 2026-08-17 | $1.54 | $1,875,129,345 | 9 / 13 |
| 2026-08-18 | $1.54 | $1,875,129,345 | 9 / 13 |
| 2026-08-19 | $1.54 | $1,875,129,345 | 9 / 13 |
| 2026-08-20 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-08-21 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-08-22 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-08-23 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-08-24 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-08-25 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-08-26 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-08-27 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-08-28 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-08-29 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-08-30 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-08-31 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-09-01 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-09-02 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-09-03 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-09-04 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-09-05 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-09-06 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-09-07 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-09-08 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-09-09 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-09-10 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-09-11 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-09-12 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-09-13 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-09-14 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-09-15 | $1.57 | $1,872,204,951 | 9 / 13 |
| 2026-09-16 | $1.57 | $1,872,660,891 | 9 / 13 |
| 2026-09-17 | $1.57 | $1,872,660,891 | 10 / 13 |
| 2026-09-18 | $1.57 | $1,872,660,891 | 10 / 13 |
| 2026-09-19 | $1.57 | $1,872,660,891 | 10 / 13 |
| 2026-09-20 | $1.57 | $1,872,660,891 | 10 / 13 |
| 2026-09-21 | $1.57 | $1,872,660,891 | 10 / 13 |
| 2026-09-22 | $1.57 | $1,872,660,891 | 10 / 13 |
| 2026-09-23 | $1.57 | $1,872,660,891 | 10 / 13 |
| 2026-09-24 | $1.57 | $1,872,660,891 | 10 / 13 |
| 2026-09-25 | $1.57 | $1,872,660,891 | 10 / 13 |
| 2026-09-26 | $1.57 | $1,872,660,891 | 10 / 13 |
| 2026-09-27 | $1.57 | $1,872,438,284 | 10 / 13 |
| 2026-09-28 | $1.57 | $1,872,438,284 | 10 / 13 |
| 2026-09-29 | $1.57 | $1,872,438,284 | 10 / 13 |
| 2026-09-30 | $1.57 | $1,872,438,284 | 10 / 13 |
| 2026-10-01 | $1.57 | $1,872,438,284 | 9 / 12 |
| 2026-10-02 | $1.57 | $1,872,438,284 | 9 / 12 |
| 2026-10-03 | $1.57 | $1,872,450,852 | 10 / 12 |
| 2026-10-04 | $1.57 | $1,872,450,852 | 9 / 12 |
| 2026-10-05 | $1.57 | $1,872,450,852 | 9 / 12 |
| 2026-10-06 | $1.57 | $1,872,450,852 | 9 / 12 |
| 2026-10-07 | $1.57 | $1,872,450,852 | 9 / 12 |
| 2026-10-08 | $1.57 | $1,872,450,852 | 9 / 12 |
| 2026-10-09 | $1.57 | $1,872,450,852 | 9 / 12 |
| 2026-10-10 | $1.57 | $1,872,450,852 | 9 / 12 |
| 2026-10-11 | $1.57 | $1,872,450,852 | 10 / 12 |
| 2026-10-12 | $1.57 | $1,872,450,852 | 10 / 12 |
| 2026-10-13 | $1.57 | $1,872,450,852 | 10 / 12 |
| 2026-10-14 | $1.57 | $1,872,450,852 | 10 / 12 |
| 2026-10-15 | $1.57 | $1,872,450,852 | 10 / 12 |
| 2026-10-16 | $1.57 | $1,872,450,852 | 10 / 12 |
| 2026-10-17 | $1.57 | $1,872,450,852 | 10 / 12 |
| 2026-10-18 | $1.57 | $1,872,450,852 | 10 / 12 |
| 2026-10-19 | $1.57 | $1,872,450,852 | 10 / 12 |
| 2026-10-20 | $1.57 | $1,872,450,852 | 10 / 12 |
| 2026-10-21 | $1.57 | $1,872,450,852 | 10 / 12 |
| 2026-10-22 | $1.57 | $1,872,450,852 | 10 / 12 |
| 2026-10-23 | $1.57 | $1,872,450,852 | 10 / 12 |
| 2026-10-24 | $1.57 | $1,872,450,852 | 10 / 12 |
| 2026-10-25 | $1.57 | $1,872,450,852 | 10 / 12 |
| 2026-10-26 | $1.57 | $1,872,450,852 | 10 / 12 |
| 2026-10-27 | $1.57 | $1,872,450,852 | 10 / 12 |
| 2026-10-28 | $1.57 | $1,872,453,932 | 10 / 12 |
| 2026-10-29 | $1.57 | $1,872,453,932 | 10 / 12 |
| 2026-10-30 | $1.57 | $1,872,453,932 | 10 / 12 |
| 2026-10-31 | $1.57 | $1,872,453,932 | 10 / 12 |
| 2026-11-01 | $1.57 | $1,872,453,932 | 10 / 12 |
| 2026-11-02 | $1.57 | $1,872,453,932 | 10 / 12 |
| 2026-11-03 | $1.57 | $1,871,953,266 | 10 / 12 |
| 2026-11-04 | $1.57 | $1,871,953,266 | 10 / 12 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 13 Buy / Strong Buy · 5 Hold · 0 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 2 recorded
1 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.