Veeva Systems Inc expected to post earnings of $1.43 a share - Earnings Preview

Veeva Systems

28/05/2024 21:12

* Veeva Systems Inc  VEEV.N   VEEV.K  is expected to show a
rise
in quarterly revenue when it reports  results on May 30 for the
period ending April 30 2024
    * The Pleasanton California-based  company is expected to
report a
22.0% increase in revenue to $642.016 million from $526.33
million a year ago, according to the mean estimate from 21
analysts, based on LSEG data.The company's guidance on February
29 2024, for the period ended April 30, was for revenue between
$640.00 million and $643.00 million.
    * ​LSEG's mean analyst estimate for Veeva Systems Inc is for
earnings of $1.43 per share. The company's EPS guidance on
February 29 2024, for the period ended April 30, was between
$1.42 and $1.43 
    * 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Veeva
Systems Inc
is $246.00​, above​ its last closing price of $203.89. ​​​

The company's guidance on February 29 2024 for the period ended
April 30 was for Earnings before Interest and Taxes between
USD245 million and USD247 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  
 Jan. 31 2024  1.30        1.30       1.38      Beat    6.2
 Jan. 1 2024   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.        1.04        1.04       1.15      Beat    10.6
 31 2023                                                
 Oct. 31 2022  1.07        1.07       1.13      Beat    5.5​
 Jul. 31 2022  1.01        1.01       1.03      Beat    2
 Apr. 30 2022  0.92        0.92       0.99      Beat    7.5
 This summary was machine generated May 28 at 20:12 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)