Veeva Systems (VEEV - Free Report) closed at $130.95 in the latest trading session, marking a +1.75% move from the prior day. This change outpaced the S&P 500's 0.22% gain on the day. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.6%.
Heading into today, shares of the provider of cloud-based software services for the life sciences industry had gained 11.4% over the past month, outpacing the Computer and Technology sector's gain of 4.32% and the S&P 500's gain of 2.39% in that time.
VEEV will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.45, up 36.36% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $238.68 million, up 22.05% from the year-ago period.
VEEV's full-year Zacks Consensus Estimates are calling for earnings of $1.94 per share and revenue of $1.03 billion. These results would represent year-over-year changes of +19.02% and +19.74%, respectively.
Any recent changes to analyst estimates for VEEV should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection remained stagnant. VEEV is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that VEEV has a Forward P/E ratio of 66.4 right now. Its industry sports an average Forward P/E of 56.49, so we one might conclude that VEEV is trading at a premium comparatively.
It is also worth noting that VEEV currently has a PEG ratio of 4.49. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 3.14 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 55, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.