Earnings Outlook For Veeva Sys
Portfolio Pulse from Benzinga Insights
Veeva Systems Inc. (NYSE:VEEV) is scheduled to release its quarterly earnings report on Wednesday, December 6, 2023. Analysts predict an EPS of $1.30. Investors are looking for an earnings beat and positive guidance for future growth. Historically, VEEV's stock price has been sensitive to earnings performance and guidance. Last quarter, VEEV beat the EPS estimate by $0.08, leading to an 8.36% stock price increase the following day. Over the past year, VEEV shares have risen by 8.28%, with the stock currently trading at $179.01.
December 05, 2023 | 2:01 pm
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Veeva Systems is anticipated to report an EPS of $1.30 in its upcoming earnings, with investors focusing on both the earnings results and the future guidance. The stock has historically reacted to earnings outcomes and guidance, with an 8.36% increase after last quarter's beat.
Given VEEV's history of stock price increases following an earnings beat and the importance of guidance to investors, a positive report could lead to a short-term uptick in the stock price. The 8.28% year-over-year increase in stock price indicates a positive trend that could be bolstered by strong earnings performance.
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