Earnings results for Veeva Systems (NYSE:VEEV)
Veeva Systems Inc. is expected* to report earnings on 05/27/2021 after market close. The report will be for the fiscal Quarter ending Apr 2021. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.54. The reported EPS for the same quarter last year was $0.48.
Veeva Systems last issued its quarterly earnings data on March 1st, 2021. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.10. The firm had revenue of $396.80 million for the quarter, compared to analyst estimates of $380.20 million. Its quarterly revenue was up 27.4% compared to the same quarter last year. Veeva Systems has generated $2.03 earnings per share over the last year and currently has a price-to-earnings ratio of 113.4. Veeva Systems has confirmed that its next quarterly earnings report will be published on Thursday, May 27th, 2021.
Analyst Opinion on Veeva Systems (NYSE:VEEV)
21 Wall Street analysts have issued ratings and price targets for Veeva Systems in the last 12 months. Their average twelve-month price target is $299.87, predicting that the stock has a possible upside of 12.05%. The high price target for VEEV is $355.00 and the low price target for VEEV is $208.00. There are currently 1 sell rating, 5 hold ratings and 15 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 2.67, and is based on 15 buy ratings, 5 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $299.87, Veeva Systems has a forecasted upside of 12.1% from its current price of $267.61. Veeva Systems has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: Veeva Systems (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 (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 $2,663,431.00 in company stock. Only 13.18% of the stock of Veeva Systems is held by insiders. 76.02% 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 (NYSE:VEEV
Earnings for Veeva Systems are expected to grow by 21.82% in the coming year, from $2.20 to $2.68 per share. The P/E ratio of Veeva Systems is 113.39, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.69. The P/E ratio of Veeva Systems is 113.39, 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 48.06. Veeva Systems has a PEG Ratio of 8.29. PEG Ratios above 1 indicate that a company could be overvalued. Veeva Systems has a P/B Ratio of 17.96. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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