Veeva Sys Q3 Adj $1.34 Beats $1.30 Estimate, Sales $616.50M Beat $615.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
Veeva Systems Inc. reported Q3 2024 adjusted earnings per share (EPS) of $1.34, surpassing the analyst estimate of $1.30. However, the company's revenue of $616.5 million fell short of the expected $615.975 million.
December 06, 2023 | 9:31 pm
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Veeva Systems Inc. exceeded EPS estimates for Q3 2024 but missed revenue forecasts by a narrow margin.
Veeva's stock may experience mixed reactions due to the dual nature of the earnings report. While beating EPS estimates is positive, the slight revenue miss could temper investor enthusiasm. The close proximity of the reported revenue to the estimate suggests a neutral short-term impact, as the market may have already priced in the expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100