Veeva Systems (NYSE:VEEV) concluded its latest trading session at $189.91, reflecting a modest increase of +1.53% compared to the previous session’s closing price. However, the stock’s gain fell slightly short of the broader market’s performance, with the S&P 500 posting a daily gain of 1.89%. In the same timeframe, the Dow registered a 1.7% increase, and the tech-heavy Nasdaq saw a gain of 1.78%.
The cloud-based software services provider catering to the life sciences industry has encountered a decline of 6.7% in the past month. This underperformed the Computer and Technology sector’s loss of 0.81% and the S&P 500’s loss of 1.14%.
Investors are closely monitoring Veeva Systems as it gears up for its upcoming financial report. The company is expected to reveal earnings of $1.27 per share, signaling year-over-year growth of 12.39%. Additionally, the latest consensus estimate predicts revenue of $616.21 million, reflecting an 11.56% increase compared to the same quarter last year.
Looking at the full-year outlook, analysts anticipate earnings of $4.67 per share and revenue of $2.37 billion. These figures represent year-over-year changes of +9.11% and +9.89%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Veeva Systems. These revisions tend to reflect the most recent short-term business trends and can provide insights into analyst sentiment regarding the company’s prospects. Positive estimate revisions often mirror optimism about the company’s business and profitability.
Turning to valuation, Veeva Systems is currently trading at a Forward P/E ratio of 40.05, representing a premium when compared to the industry’s average Forward P/E of 34.16.
It is also noteworthy that VEEV currently boasts a PEG ratio of 1.64, which accounts for the expected earnings growth rate. The PEG ratio is a variation of the widely used P/E ratio and provides insights into the company’s growth potential. As of the last market close, the Internet – -software industry displayed an average PEG ratio of 1.49.
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