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Veeva Systems (VEEV) Gains But Lags Market: What You Should Know
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Veeva Systems (VEEV - Free Report) closed the most recent trading day at $118.95, moving +0.24% from the previous trading session. This change lagged the S&P 500's 0.3% gain on the day. Meanwhile, the Dow gained 0.46%, and the Nasdaq, a tech-heavy index, added 0.08%.
Prior to today's trading, shares of the provider of cloud-based software services for the life sciences industry had gained 17.03% over the past month. This has outpaced the Computer and Technology sector's gain of 7.64% and the S&P 500's gain of 5.93% in that time.
Investors will be hoping for strength from VEEV as it approaches its next earnings release, which is expected to be February 26, 2019. In that report, analysts expect VEEV to post earnings of $0.40 per share. This would mark year-over-year growth of 73.91%. Our most recent consensus estimate is calling for quarterly revenue of $227.54 million, up 23.05% from the year-ago period.
It is also important to note the recent changes to analyst estimates for VEEV. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. VEEV currently has a Zacks Rank of #3 (Hold).
Digging into valuation, VEEV currently has a Forward P/E ratio of 66.67. This represents a premium compared to its industry's average Forward P/E of 52.8.
We can also see that VEEV currently has a PEG ratio of 3.43. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Internet - Software stocks are, on average, holding a PEG ratio of 2.86 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Veeva Systems (VEEV) Gains But Lags Market: What You Should Know
Veeva Systems (VEEV - Free Report) closed the most recent trading day at $118.95, moving +0.24% from the previous trading session. This change lagged the S&P 500's 0.3% gain on the day. Meanwhile, the Dow gained 0.46%, and the Nasdaq, a tech-heavy index, added 0.08%.
Prior to today's trading, shares of the provider of cloud-based software services for the life sciences industry had gained 17.03% over the past month. This has outpaced the Computer and Technology sector's gain of 7.64% and the S&P 500's gain of 5.93% in that time.
Investors will be hoping for strength from VEEV as it approaches its next earnings release, which is expected to be February 26, 2019. In that report, analysts expect VEEV to post earnings of $0.40 per share. This would mark year-over-year growth of 73.91%. Our most recent consensus estimate is calling for quarterly revenue of $227.54 million, up 23.05% from the year-ago period.
It is also important to note the recent changes to analyst estimates for VEEV. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. VEEV currently has a Zacks Rank of #3 (Hold).
Digging into valuation, VEEV currently has a Forward P/E ratio of 66.67. This represents a premium compared to its industry's average Forward P/E of 52.8.
We can also see that VEEV currently has a PEG ratio of 3.43. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Internet - Software stocks are, on average, holding a PEG ratio of 2.86 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.