We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Why Veeva Systems (VEEV) is an Attractive Pick Right Now?
Read MoreHide Full Article
Veeva Systems Inc. (VEEV - Free Report) has been investors’ favorite, courtesy of its continued impressive performances. The company benefits from growing demand for cloud-based and vault applications, new product launches, its industry focus approach and international expansion.
Moreover, this Zacks Rank #2 (Buy) stock has an encouraging earnings surprise history, having outpaced the Zacks Consensus Estimate in each of the trailing four quarters, the average being 13.9%. Notably, this trend of consecutive beats underlines its operating efficiency.
In a year’s time, Veeva Systems has rallied 69.9%, outperforming the industry’s 19.3% growth and the S&P 500’s 6.5% gain. With solid prospects, it is an attractive investment pick for investors right now.
What’s Working in Favor?
Veeva Systems’ unique solutions include Veeva Vault, Veeva CRM, Veeva Network and Veeva OpenData. Veeva Vault is the first cloud-based content management system, built specifically for the life sciences. Veeva CRM is a customer relationship management platform that offers cloud-based solutions to reach customers on any channel. Notably, the company has announced mobile innovations in the Veeva CRM platform, which provides information to field teams from any device. Furthermore, New Jersey-based Merck is expanding its use of multichannel Veeva CRM to additional markets, including Latin America and the Asia Pacific.
Another new cloud application of the company is Veeva Vault Training, designed to simplify role-based training across life sciences organizations and help quality teams remain audit-ready and compliant.
Meanwhile, Veeva Network is a master data management platform that provides global, single-instance customer and product master solution.
For first-quarter fiscal 2020, Veeva Systems expects total revenues between $238 million and $239 million. Adjusted earnings per share are expected between 44 cents and 45 cents. Adjusted operating income is projected in the $85-$86 million band.
For fiscal 2020, revenues are expected between $1.02 billion and $1.03 billion. Adjusted earnings per share are anticipated in the range of $1.91-$1.94 in the same period.
Management expects Subscription revenue growth of 21-22% in fiscal 2020. Commercial Cloud subscription revenues are expected to rise 10%.
Which Way Are Estimates Trending?
The Zacks Consensus Estimate for fiscal 2020 earnings is pegged at 77 cents, reflecting 10% growth year over year. The same for revenues stands at $527 million.
Bottom Line
Veeva Systems seems to be well-positioned for growth on strong guidance and solid product portfolio. The company's long-term earnings growth rate of 14.8% also supports this view.
DexCom delivered a positive earnings surprise in each of the trailing four quarters, the average being 132.3%.
Varian Medical has a long-term earnings growth rate of 8%.
Masimo Corporation has a long-term earnings growth rate of 15.6%.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
Image: Bigstock
Why Veeva Systems (VEEV) is an Attractive Pick Right Now?
Veeva Systems Inc. (VEEV - Free Report) has been investors’ favorite, courtesy of its continued impressive performances. The company benefits from growing demand for cloud-based and vault applications, new product launches, its industry focus approach and international expansion.
Moreover, this Zacks Rank #2 (Buy) stock has an encouraging earnings surprise history, having outpaced the Zacks Consensus Estimate in each of the trailing four quarters, the average being 13.9%. Notably, this trend of consecutive beats underlines its operating efficiency.
In a year’s time, Veeva Systems has rallied 69.9%, outperforming the industry’s 19.3% growth and the S&P 500’s 6.5% gain. With solid prospects, it is an attractive investment pick for investors right now.
What’s Working in Favor?
Veeva Systems’ unique solutions include Veeva Vault, Veeva CRM, Veeva Network and Veeva OpenData. Veeva Vault is the first cloud-based content management system, built specifically for the life sciences. Veeva CRM is a customer relationship management platform that offers cloud-based solutions to reach customers on any channel. Notably, the company has announced mobile innovations in the Veeva CRM platform, which provides information to field teams from any device. Furthermore, New Jersey-based Merck is expanding its use of multichannel Veeva CRM to additional markets, including Latin America and the Asia Pacific.
Another new cloud application of the company is Veeva Vault Training, designed to simplify role-based training across life sciences organizations and help quality teams remain audit-ready and compliant.
Veeva Systems Inc. Price and Consensus
Veeva Systems Inc. Price and Consensus | Veeva Systems Inc. Quote
Meanwhile, Veeva Network is a master data management platform that provides global, single-instance customer and product master solution.
For first-quarter fiscal 2020, Veeva Systems expects total revenues between $238 million and $239 million. Adjusted earnings per share are expected between 44 cents and 45 cents. Adjusted operating income is projected in the $85-$86 million band.
For fiscal 2020, revenues are expected between $1.02 billion and $1.03 billion. Adjusted earnings per share are anticipated in the range of $1.91-$1.94 in the same period.
Management expects Subscription revenue growth of 21-22% in fiscal 2020. Commercial Cloud subscription revenues are expected to rise 10%.
Which Way Are Estimates Trending?
The Zacks Consensus Estimate for fiscal 2020 earnings is pegged at 77 cents, reflecting 10% growth year over year. The same for revenues stands at $527 million.
Bottom Line
Veeva Systems seems to be well-positioned for growth on strong guidance and solid product portfolio. The company's long-term earnings growth rate of 14.8% also supports this view.
Other Stocks to Consider
Other top-ranked stocks from the MedTech space are DexCom, Inc. (DXCM - Free Report) , Varian Medical Systems, Inc. and Masimo Corporation (MASI - Free Report) , each carrying a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
DexCom delivered a positive earnings surprise in each of the trailing four quarters, the average being 132.3%.
Varian Medical has a long-term earnings growth rate of 8%.
Masimo Corporation has a long-term earnings growth rate of 15.6%.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>