Veeva Systems Inc expected to post earnings of $1.30 a share - Earnings Preview

Veeva Systems

04/12/2023 21:19

* Veeva Systems Inc  VEEV.N   VEEV.K  is expected to show a
rise
in quarterly revenue when it reports  results on December 6 for
the period ending July 31 2023
    * The Pleasanton California-based  company is expected to
report a
11.5% increase in revenue to $615.804 million from $552.35
million a year ago, according to the mean estimate from 20
analysts, based on LSEG data.The company's guidance on August 30
2023, for the period ended October 31, was for revenue between
$614.00 million and $616.00 million. (Revenue consensus is on
Total Revenue basis)
    * ​LSEG's mean analyst estimate for Veeva Systems Inc is for
earnings of $1.30 per share. The company's EPS guidance on
August 30 2023, for the period ended October 31, was between
$1.26 and $1.27 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 17 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Veeva
Systems Inc
is $213.50​, above​ its last closing price of $178.84. ​​​

The company's guidance on August 30 2023 for the period ended
October 31 was for Earnings before Interest and Taxes between
USD223 million and USD225 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jul. 31 2023  1.13        1.13       1.21      Beat    7.4
 Apr. 30 2023  0.80        0.79       0.91      Beat    14.7
 Jan. 31 2023  1.04        1.04       1.15      Beat    10.6​
 Oct. 31 2022  1.07        1.07       1.13      Beat    5.5
 ​​Jul.        1.01        1.01       1.03      Beat    2
 31 2022                                                
 Apr. 30 2022  0.92        0.92       0.99      Beat    7.5​
 Jan. 31 2022  0.88        0.88       0.90      Beat    2.2
 Oct. 31 2021  0.88        0.88       0.97      Beat    10.5
 This summary was machine generated December 4 at 21:19 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)