$0.92 EPS Expected for Veeva Systems Inc. (NYSE:VEEV) This Quarter

Wall Street analysts predict that Veeva Systems Inc. (NYSE:VEEVGet Rating) will announce earnings of $0.92 per share for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Veeva Systems’ earnings, with the lowest EPS estimate coming in at $0.91 and the highest estimate coming in at $0.93. Veeva Systems reported earnings of $0.91 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 1.1%. The business is expected to issue its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Veeva Systems will report full year earnings of $4.02 per share for the current fiscal year, with EPS estimates ranging from $3.99 to $4.04. For the next fiscal year, analysts anticipate that the business will report earnings of $4.70 per share, with EPS estimates ranging from $4.58 to $4.91. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Veeva Systems.

Veeva Systems (NYSE:VEEVGet Rating) last issued its earnings results on Wednesday, March 2nd. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $485.50 million during the quarter, compared to analysts’ expectations of $479.98 million. Veeva Systems had a net margin of 23.09% and a return on equity of 15.61%. During the same period last year, the firm posted $0.54 earnings per share.

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating in a research report on Friday, May 13th. Piper Sandler reduced their price target on shares of Veeva Systems from $300.00 to $290.00 and set an “overweight” rating for the company in a research report on Thursday, March 3rd. Truist Financial assumed coverage on shares of Veeva Systems in a research report on Friday, January 28th. They issued a “buy” rating and a $275.00 price target for the company. Needham & Company LLC reduced their price target on shares of Veeva Systems from $327.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, March 3rd. Finally, Raymond James reduced their price target on shares of Veeva Systems from $335.00 to $260.00 and set an “outperform” rating for the company in a research report on Thursday, March 3rd. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Veeva Systems has an average rating of “Buy” and a consensus target price of $286.06.

Shares of NYSE:VEEV opened at $164.51 on Friday. The stock has a market capitalization of $25.39 billion, a price-to-earnings ratio of 62.55, a PEG ratio of 3.27 and a beta of 0.85. Veeva Systems has a 1-year low of $152.04 and a 1-year high of $343.96. The company has a 50 day moving average price of $188.04 and a 200 day moving average price of $228.27.

In related news, Director Paul J. Sekhri sold 11,000 shares of the firm’s stock in a transaction on Thursday, March 31st. The shares were sold at an average price of $214.02, for a total value of $2,354,220.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald E. F. Codd sold 20,000 shares of the firm’s stock in a transaction on Wednesday, April 6th. The shares were sold at an average price of $207.14, for a total transaction of $4,142,800.00. Following the completion of the transaction, the director now owns 442 shares in the company, valued at $91,555.88. The disclosure for this sale can be found here. 13.18% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of VEEV. EP Wealth Advisors LLC acquired a new stake in Veeva Systems in the 1st quarter worth $2,142,000. The Manufacturers Life Insurance Company grew its position in Veeva Systems by 141.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 128,729 shares of the technology company’s stock worth $27,544,000 after purchasing an additional 75,513 shares during the last quarter. Toroso Investments LLC grew its position in Veeva Systems by 10.1% in the 1st quarter. Toroso Investments LLC now owns 1,708 shares of the technology company’s stock worth $363,000 after purchasing an additional 156 shares during the last quarter. Wealthfront Advisers LLC grew its position in Veeva Systems by 76.5% in the 1st quarter. Wealthfront Advisers LLC now owns 1,987 shares of the technology company’s stock worth $422,000 after purchasing an additional 861 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. grew its position in Veeva Systems by 63.9% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 218 shares of the technology company’s stock worth $46,000 after purchasing an additional 85 shares during the last quarter.

Veeva Systems Company Profile (Get Rating)

Veeva Systems Inc provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America. The company offers Veeva Commercial Cloud, a suite of software, data, and analytics solutions, which include Veeva customer relationship management (CRM) and Veeva Medical CRM, Veeva CLM, Veeva CRM MyInsights, Veeva CLM, Veeva CRM Approved Email, Veeva CRM Engage, Veeva Align, Veeva CRM Events Management, Veeva Nitro, Veeva OpenData, Veeva Link, Veeva Network, Veeva Crossix, Veeva Data Cloud, and MyVeeva for Patients; and Veeva Vault, a cloud-based enterprise content and data management applications for managing commercial functions, including sales and marketing, and medical content and communications, as well as research and development functions, such as clinical, regulatory, quality, and safety.

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