CORRECTION: Veeva Systems Revises FY25 Total Revenues Outlook From At Least $2.75B To $2.725B-$2.740B (Est $2.75B); Sees Adj EPS Of $6.16 (Est $5.57)
Portfolio Pulse from Benzinga Newsdesk
Veeva Systems has revised its FY25 revenue forecast to $2.725B-$2.740B, slightly below the previous estimate of at least $2.75B. The company also projects an adjusted EPS of $6.16, which is above the estimated $5.57. This guidance is for the fiscal year ending January 31, 2025, including non-GAAP operating income of about $1.07B.
March 01, 2024 | 1:41 pm
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Veeva Systems has adjusted its FY25 revenue outlook to $2.725B-$2.740B from at least $2.75B and expects an adjusted EPS of $6.16, above the estimated $5.57.
The slight decrease in revenue forecast might concern investors, potentially putting downward pressure on the stock. However, the higher-than-expected adjusted EPS projection could offset this by indicating operational efficiency and profitability, leading to a neutral short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100