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.
Veeva Systems (VEEV) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
Veeva Systems (VEEV - Free Report) closed at $142.60 in the latest trading session, marking a +1.86% move from the prior day. This move outpaced the S&P 500's daily gain of 0.58%. Elsewhere, the Dow gained 0.45%, while the tech-heavy Nasdaq added 1.13%.
Coming into today, shares of the provider of cloud-based software services for the life sciences industry had gained 5.03% in the past month. In that same time, the Computer and Technology sector lost 4.08%, while the S&P 500 lost 2.34%.
Investors will be hoping for strength from VEEV as it approaches its next earnings release, which is expected to be May 29, 2019. On that day, VEEV is projected to report earnings of $0.45 per share, which would represent year-over-year growth of 36.36%. Meanwhile, our latest consensus estimate is calling for revenue of $238.68 million, up 22.05% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.94 per share and revenue of $1.03 billion, which would represent changes of +19.02% and +19.74%, respectively, from the prior year.
Any recent changes to analyst estimates for VEEV should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually 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 72.29 right now. Its industry sports an average Forward P/E of 59.12, so we one might conclude that VEEV is trading at a premium comparatively.
Also, we should mention that VEEV has a PEG ratio of 4.89. 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. The Internet - Software was holding an average PEG ratio of 3.11 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 40% 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.
To follow VEEV in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Veeva Systems (VEEV) Outpaces Stock Market Gains: What You Should Know
Veeva Systems (VEEV - Free Report) closed at $142.60 in the latest trading session, marking a +1.86% move from the prior day. This move outpaced the S&P 500's daily gain of 0.58%. Elsewhere, the Dow gained 0.45%, while the tech-heavy Nasdaq added 1.13%.
Coming into today, shares of the provider of cloud-based software services for the life sciences industry had gained 5.03% in the past month. In that same time, the Computer and Technology sector lost 4.08%, while the S&P 500 lost 2.34%.
Investors will be hoping for strength from VEEV as it approaches its next earnings release, which is expected to be May 29, 2019. On that day, VEEV is projected to report earnings of $0.45 per share, which would represent year-over-year growth of 36.36%. Meanwhile, our latest consensus estimate is calling for revenue of $238.68 million, up 22.05% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.94 per share and revenue of $1.03 billion, which would represent changes of +19.02% and +19.74%, respectively, from the prior year.
Any recent changes to analyst estimates for VEEV should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually 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 72.29 right now. Its industry sports an average Forward P/E of 59.12, so we one might conclude that VEEV is trading at a premium comparatively.
Also, we should mention that VEEV has a PEG ratio of 4.89. 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. The Internet - Software was holding an average PEG ratio of 3.11 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 40% 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.
To follow VEEV in the coming trading sessions, be sure to utilize Zacks.com.