Veeva Sees FY24 EPS ~$4.68 Vs $4.53 Est; Revenue $2.365B-$2.370B Vs $2.37B Est
Portfolio Pulse from Benzinga Newsdesk
Veeva Systems Inc. has projected its FY24 earnings per share (EPS) to be around $4.68, which is higher than the estimated $4.53. The company also expects its revenue to be between $2.365 billion and $2.37 billion, which is in line with the estimated $2.37 billion.
August 30, 2023 | 8:09 pm
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POSITIVE IMPACT
Veeva Systems' higher than expected FY24 EPS forecast and revenue estimate in line with expectations could potentially have a positive impact on its stock price.
Veeva Systems' FY24 EPS forecast is higher than the estimated $4.53, which indicates strong future profitability. This, along with the revenue estimate that matches expectations, could be seen as a positive signal by investors, potentially leading to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100