Seeking Clues to Veeva (VEEV) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics

Core Viewpoint - Analysts expect Veeva Systems to report quarterly earnings of $1.90 per share, reflecting a year-over-year increase of 17.3%, with revenues projected at $767.61 million, up 13.5% from the previous year [1] Earnings Estimates - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [2] Revenue Projections - Analysts forecast 'Revenues- Subscription services' to reach $649.25 million, indicating a year-over-year change of +15.7% [4] - 'Revenues- Professional services and other' are expected to be $118.36 million, reflecting a +3% change from the prior year [4] - 'Revenues- Professional services and other- Veeva R&D Solutions' is projected to reach $72.75 million, with a year-over-year change of +4.2% [4] - 'Revenues- Subscription services- Veeva R&D Solutions' is estimated at $342.74 million, showing a year-over-year change of +18.4% [5] - 'Revenues- Subscription services- Veeva Commercial Solutions' is expected to be $306.25 million, indicating a +12.7% change from the previous year [5] - 'Revenues- Professional services and other- Veeva Commercial Solutions' is projected at $45.59 million, reflecting a +1.2% change from the prior year [6] Gross Margin Estimates - The 'Non-GAAP Gross Margin- Professional Services and other' is expected to be 29.7%, down from 31.9% year-over-year [6] - The average prediction for 'Non-GAAP Gross Margin- Subscription services' is 86.8%, slightly up from 86.5% year-over-year [7] Stock Performance - Veeva shares have decreased by -3.1% over the past month, contrasting with a +1.1% increase in the Zacks S&P 500 composite [7]