Yahoo Finance Veeva Systems (VEEV) Increases Yet Falls Behind Market: What Investors Need to Know
The latest trading session saw Veeva Systems (VEEV) ending at $201.10, denoting a +1.02% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 1.2%. Meanwhile, the Dow experienced a rise of 0.69%, and the technology-dominated Nasdaq saw an increase of 1.59%.
Coming into today, shares of the provider of cloud-based software services for the life sciences industry had lost 13.23% in the past month. In that same time, the Computer and Technology sector lost 6.83%, while the S&P 500 lost 4.16%.
The investment community will be paying close attention to the earnings performance of Veeva Systems in its upcoming release. The company's upcoming EPS is projected at $1.43, signifying a 57.14% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $641.73 million, reflecting a 21.92% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.14 per share and a revenue of $2.73 billion, signifying shifts of +26.86% and +15.61%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Veeva Systems. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Veeva Systems is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, Veeva Systems currently has a Forward P/E ratio of 32.4. This indicates a premium in contrast to its industry's Forward P/E of 28.13.
It is also worth noting that VEEV currently has a PEG ratio of 1.35. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.75.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 65, finds itself in the top 26% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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 Inc. (VEEV) : Free Stock Analysis Report
