Veeva Systems (VEEV) Registers a Bigger Fall Than the Market: Important Facts to Note

Core Viewpoint - Veeva Systems is expected to show strong earnings growth in its upcoming release, with significant increases in both EPS and revenue compared to the previous year [2][8]. Company Performance - Veeva Systems' stock closed at $180.43, reflecting a -0.82% change, which underperformed against the S&P 500's loss of 0.78% on the same day [1]. - Over the past month, Veeva's shares gained 1.78%, outperforming the Computer and Technology sector's decline of 3.17% but lagging behind the S&P 500's increase of 2.14% [7]. Earnings Estimates - The consensus estimate for Veeva's upcoming earnings per share (EPS) is $1.53, representing a growth of 26.45% year-over-year [2]. - Quarterly revenue is projected to be $667.3 million, which is a 13.06% increase from the same quarter last year [2]. - For the entire year, the Zacks Consensus Estimates forecast earnings of $6.15 per share and revenue of $2.71 billion, indicating increases of 27.07% and 14.47%, respectively, compared to the previous year [8]. Analyst Sentiment - Recent changes to analyst estimates for Veeva Systems indicate a positive outlook, reflecting optimism about the company's business and profitability [3]. - The Zacks Consensus EPS estimate has seen a 0.34% increase over the last 30 days, suggesting a favorable shift in analyst sentiment [4]. Valuation Metrics - Veeva Systems has a PEG ratio of 1.22, which is lower than the industry average PEG ratio of 1.77, indicating a potentially attractive valuation relative to its growth prospects [5]. - The company holds a Forward P/E ratio of 29.59, which is in line with the industry average [10]. Industry Context - The Internet - Software industry, which includes Veeva Systems, ranks in the top 36% of all industries according to the Zacks Industry Rank, suggesting a strong performance relative to other sectors [11].