Veeva Systems (VEEV) Rises Higher Than Market: Key Facts

Company Performance - Veeva Systems (VEEV) closed at $225.28, reflecting a +2.53% change from the previous day's closing price, outperforming the S&P 500 which gained 0.55% [1] - Prior to this trading session, VEEV shares had decreased by 1.53%, underperforming the Medical sector's gain of 0.19% and the S&P 500's gain of 0.71% [1] Upcoming Earnings - The upcoming earnings disclosure for Veeva Systems is anticipated, with projected earnings per share (EPS) of $1.92, indicating a 10.34% increase year-over-year [2] - Revenue is expected to reach $808.89 million, reflecting a 12.21% increase compared to the same quarter last year [2] Full-Year Estimates - Zacks Consensus Estimates forecast full-year earnings of $7.93 per share and revenue of $3.16 billion, representing year-over-year changes of +20.15% and +15.13%, respectively [3] - Recent changes to analyst estimates for Veeva Systems are noted, as positive revisions indicate analysts' confidence in the company's performance and profit potential [3] Valuation Metrics - Veeva Systems is currently trading at a Forward P/E ratio of 27.72, which aligns with the industry average [6] - The company has a PEG ratio of 1.17, significantly lower than the industry average PEG ratio of 2.32 [6] Industry Context - The Medical Info Systems industry, part of the Medical sector, holds a Zacks Industry Rank of 157, placing it in the bottom 36% of over 250 industries [7] - The Zacks Industry Rank evaluates the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [7]