Veeva Systems Inc expected to post earnings of $1.52 a share - Earnings Preview

Veeva Systems

26/08/2024 21:38

* Veeva Systems Inc  VEEV.N   VEEV.K  is expected to show a
rise
in quarterly revenue when it reports  results on August 28 for
the period ending July 31 2024
    * The Pleasanton California-based  company is expected to
report a
13.2% increase in revenue to $668.377 million from $590.23
million a year ago, according to the mean estimate from 23
analysts, based on LSEG data.The company's guidance on May 30
2024, for the period ended July 31, was for revenue between
$666.00 million and $669.00 million.
    * ​LSEG's mean analyst estimate for Veeva Systems Inc is for
earnings of $1.52 per share. The company's EPS guidance on May
30 2024, for the period ended July 31, was between $1.53 and
$1.54 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 19 "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 $225.00​, above​ its last closing price of $199.25. ​​​

The company's guidance on May 30 2024 for the period ended July
31 was for Earnings before Interest and Taxes between USD265
million and USD267 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  
 Apr. 30 2024  1.43        1.43       1.50      Beat    5.2
 Jan. 1 2024   1.30        1.30       1.38      Beat    6.2
 Oct. 31 2023  1.31        1.30       1.34      Beat    3.1​
 Jan. 1 0001   1.13        1.13       1.21      Beat    7.4
 ​​Apr.        0.80        0.79       0.91      Beat    14.7
 30 2023                                                
 Jan. 31 2023  1.04        1.04       1.15      Beat    10.6​
 Oct. 31 2022  1.07        1.07       1.13      Beat    5.5
 Jan. 1 0001   1.01        1.01       1.03      Beat    2
 This summary was machine generated August 26 at 20:38 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)