How Have the Numbers Shaped Up for Veeva Systems Stock Forecast, Price & News (NYSE:VEEV)

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Earnings results for Veeva Systems Stock Forecast, Price & News (NYSE:VEEV)

Veeva Systems Inc. is estimated to report earnings on 08/25/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.46. The reported EPS for the same quarter last year was $0.41.

Veeva Systems last released its quarterly earnings results on May 28th, 2020. The technology company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.07. The company earned $337.11 million during the quarter, compared to analysts’ expectations of $291.10 million. Its quarterly revenue was up 37.7% compared to the same quarter last year. Veeva Systems has generated $1.62 earnings per share over the last year and currently has a price-to-earnings ratio of 131.1. Veeva Systems has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 25th, 2020 based off prior year’s report dates.

Analyst Opinion on Veeva Systems Stock Forecast, Price & News (NYSE:VEEV)

23 Wall Street analysts have issued ratings and price targets for Veeva Systems in the last 12 months. Their average twelve-month price target is $218.22, predicting that the stock has a possible downside of 15.95%. The high price target for VEEV is $300.00 and the low price target for VEEV is $150.00. There are currently 7 hold ratings and 16 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Veeva Systems has received a consensus rating of Buy. The company’s average rating score is 2.70, and is based on 16 buy ratings, 7 hold ratings, and no sell ratings. According to analysts’ consensus price target of $218.22, Veeva Systems has a forecasted downside of 16.0% from its current price of $259.64. Veeva Systems has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Veeva Systems Stock Forecast, Price & News (NYSE:VEEV)

Veeva Systems does not currently pay a dividend. Veeva Systems does not have a long track record of dividend growth.

Insiders buying/selling: Veeva Systems Stock Forecast, Price & News (NYSE:VEEV)

In the past three months, Veeva Systems insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $18,524,845.00 in company stock. Only 13.17% of the stock of Veeva Systems is held by insiders. 80.37% of the stock of Veeva Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Veeva Systems Stock Forecast, Price & News (NYSE:VEEV

Earnings for Veeva Systems are expected to grow by 21.11% in the coming year, from $1.80 to $2.18 per share. The P/E ratio of Veeva Systems is 131.13, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.58. The P/E ratio of Veeva Systems is 131.13, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 53.65. Veeva Systems has a PEG Ratio of 8.68. PEG Ratios above 1 indicate that a company could be overvalued. Veeva Systems has a P/B Ratio of 23.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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