Veeva Systems Inc reports results for the quarter ended in April - Earnings Summary

Veeva Systems

30/05/2024 22:36

* Veeva Systems Inc  VEEV.N  reported quarterly adjusted
earnings
of $1.50​​ per share for the quarter ended in April, higher than
the same quarter last year, when the company reported EPS of 91
cents.  The mean expectation of twenty two analysts for the
quarter was for earnings of $1.43 per share. Wall Street
expected results to range from $1.42  to $1.44 per share.
    * Revenue rose 23.6% to $650.35 million from a year ago;
analysts
expected $642.02 million. 
    * Veeva Systems Inc's reported EPS for the quarter was 98
cents​.
    * The company reported quarterly net income of $161.66
million.
    * Veeva Systems Inc shares had fallen by 13.5% this
quarter and
gained 4.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the advanced
medical
equipment & technology peer group is also "buy"

Wall Street's median 12-month price target for Veeva Systems Inc
is $246.00 
This summary was machine generated from LSEG data May 30 at
09:36 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      1.43           1.50           Beat
 Jan. 31 2024      1.30           1.38           Beat
 Oct. 31 2023      1.30           1.34           Beat
 Jul. 31 2023      1.13           1.21           Beat