Veeva Systems (VEEV) Increases Despite Market Slip: Here's What You Need to Know

Zacks Rank and Stock Performance - The Zacks Rank system has a strong track record, with 1 ranked stocks delivering an average annual return of +25% since 1988 [1] - Veeva Systems is currently ranked 3 (Hold) by Zacks [1] - Over the past month, the Zacks Consensus EPS estimate has risen by 0.95% [1] Valuation Metrics - Veeva Systems is trading at a Forward P/E ratio of 33.68, which is a premium compared to the industry average of 28.07 [2] - The company's PEG ratio is 1.29, lower than the Internet - Software industry average of 2.18 [2] Industry Overview - The Internet - Software industry is part of the Computer and Technology sector and holds a Zacks Industry Rank of 29, placing it in the top 12% of all industries [3] - Research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [3] Recent Stock Performance - Veeva Systems' stock closed at $217.75, with a +0.21$1.58 per share in the upcoming report, marking a year-over-year growth of 14.49% [7] - Revenue is expected to be $698.28 million, a 10.73$6.45 per share (+33.26% YoY) and revenue at $2.72 billion (+15.24% YoY) [8] Analyst Estimate Revisions - Recent changes to analyst estimates reflect evolving short-term business trends, with upward revisions indicating positivity towards the company's operations and profitability [9] - Research shows that estimate alterations are directly linked to near-term stock price performance [10]