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

Veeva Systems

27/02/2024 21:46

* Veeva Systems Inc  VEEV.N   VEEV.K  is expected to show a
rise
in quarterly revenue when it reports  results on February 29 for
the period ending January 31 2024
    * The Pleasanton California-based  company is expected to
report a
10.3% increase in revenue to $621.148 million from $563.39
million a year ago, according to the mean estimate from 22
analysts, based on LSEG data.The company's guidance on December
6 2023, for the period ended January 31, was for revenue between
$620.00 million and $622.00 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
December 6 2023, for the period ended January 31, was about
USD1.3
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 18 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Veeva
Systems Inc
is $220.00​, below​ its last closing price of $224.00. ​​​

The company's guidance on December 6 2023 for the period ended
January 31 was for Earnings before Interest and Taxes of USD227
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  
 Oct. 31 2023  1.31        1.30       1.34      Beat    3.1
 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.        1.07        1.07       1.13      Beat    5.5
 31 2022                                                
 Jul. 31 2022  1.01        1.01       1.03      Beat    2​
 Apr. 30 2022  0.92        0.92       0.99      Beat    7.5
 Jan. 31 2022  0.88        0.88       0.90      Beat    2.2
 This summary was machine generated February 27 at 21:46 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)