Veeva Systems Inc reports results for the quarter ended in July 31 - Earnings Summary

Veeva Systems

28/08/2024 22:01

* Veeva Systems Inc  VEEV.N  reported quarterly adjusted
earnings
of $1.62​​ per share for the quarter ended July 31, higher than
the same quarter last year, when the company reported EPS of
$1.21.  The mean expectation of twenty four analysts for the
quarter was for earnings of $1.53 per share. Wall Street
expected results to range from $1.51  to $1.55 per share.
    * Revenue rose 14.6% to $676.18 million from a year ago;
analysts
expected $668.38 million. 
    * Veeva Systems Inc's reported EPS for the quarter was
$1.04​.
    * The company reported quarterly net income of $171.04
million.
    * Veeva Systems Inc shares had risen by 9.4% this
quarter and
gained 4.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 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 225.00 
This summary was machine generated from LSEG data August 28 at
09:01 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
 Jul. 31 2024      1.53           1.62           Beat
 Apr. 30 2024      1.43           1.50           Beat
 Jan. 31 2024      1.30           1.38           Beat
 Oct. 31 2023      1.30           1.34           Beat