Earnings and Growth Analysis : 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 expected* to report earnings on 08/27/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. 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 posted its quarterly earnings data on May 28th, 2020. The technology company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.07. The business had revenue of $337.11 million for the quarter, compared to analyst estimates of $291.10 million. Its revenue for the quarter 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 135.7. Veeva Systems has confirmed that its next quarterly earnings report will be published on Thursday, August 27th, 2020.

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 $220.87, predicting that the stock has a possible downside of 17.79%. 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 $220.87, Veeva Systems has a forecasted downside of 17.8% from its current price of $268.67. 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 135.69, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.69. The P/E ratio of Veeva Systems is 135.69, 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 53.56. Veeva Systems has a PEG Ratio of 8.45. PEG Ratios above 1 indicate that a company could be overvalued. Veeva Systems has a P/B Ratio of 24.05. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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