Veeva Systems (VEEV) Beats Stock Market Upswing: What Investors Need to Know

Company Performance - Veeva Systems (VEEV) stock increased by 1.83% to $291.25, outperforming the S&P 500's daily gain of 0.07% [1] - Over the past month, Veeva shares gained 2.33%, which is slightly below the Medical sector's gain of 2.39% and the S&P 500's gain of 5.71% [1] Upcoming Earnings - The upcoming earnings release is projected to show an EPS of $1.9, reflecting a 17.28% increase year-over-year [2] - Revenue is estimated at $767.61 million, indicating a 13.52% increase compared to the same quarter last year [2] Annual Estimates - For the annual period, earnings are anticipated at $7.64 per share and revenue at $3.1 billion, representing increases of 15.76% and 12.78% respectively from the previous year [3] - Recent revisions to analyst forecasts are important as they reflect short-term business trends, with positive revisions indicating a favorable business outlook [3] Zacks Rank and Valuation - Veeva Systems holds a Zacks Rank of 2 (Buy), with a Forward P/E ratio of 37.42, which is above the industry average of 31 [5] - The PEG ratio for Veeva is 1.61, compared to the Medical Info Systems industry's average PEG ratio of 3.25 [6] Industry Ranking - The Medical Info Systems industry ranks in the top 30% of all industries, with a current Zacks Industry Rank of 73 [6] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]