Veeva Systems Expects Q1 Total Revenues Of $640M-$643M (Est $645.76M), Adj EPS Of $1.42-$1.43 (Est $1.27)
Portfolio Pulse from Benzinga Newsdesk
Veeva Systems has provided its Q1 revenue and adjusted EPS forecasts, expecting revenues of $640M-$643M, slightly below the estimated $645.76M, but projecting an adjusted EPS of $1.42-$1.43, which is above the estimated $1.27.
February 29, 2024 | 9:10 pm
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Veeva Systems expects Q1 revenues to be slightly below estimates but projects a higher adjusted EPS than anticipated.
The mixed forecast from Veeva Systems, with revenues slightly below expectations but a higher adjusted EPS, may lead to a neutral short-term impact on its stock price. Investors might weigh the lower revenue against the higher profitability, leading to a balanced market reaction.
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