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Veeva Systems Earnings Preview

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On Thursday, August 27, Veeva Systems (NYSE: VEEV) will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings and Revenue

Analysts expect Veeva Systems earnings of $0.64 per share. Revenue will likely be around $340.12 million, according to the consensus estimate. In the same quarter last year, Veeva Systems reported EPS of $0.55 on revenue of $266.90 million. If the company were to match the consensus estimate when it reports Thursday, EPS would be up 16.36%. Revenue would be up 6.29% from the same quarter last year. Here's how the company's EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate 0.58 0.52 0.54 0.49
EPS Actual 0.66 0.54 0.60 0.55
Revenue Estimate 319.99 M 298.30 M 274.78 M 259.39 M
Revenue Actual 337.11 M 311.51 M 280.92 M 266.90 M

Stock Performance

For a full 12 months, the return has risen by 58.14%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Don't be surprised to see the stock move on comments made during its conference call. Veeva Systems is scheduled to hold the call at 16:30:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.veeva.com%2Finvestors%2Fnews-and-events%2Fevents-and-presentations%2Fdefault.aspx&eventid=2395671&sessionid=1&key=1A1815F69ED13E520AC03285E8938A0C&regTag=&sourcepage=register

 

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