Veeva Systems Sees Q2 EPS $1.53-$1.54 Vs $1.52 Est.; Revenue $666M-$669M Vs $675.29M Est.; FY25 EPS ~$6.16 Vs $6.15 Est.; Revenue $2.7B-$2.71B Vs $2.73B Est.
Portfolio Pulse from Benzinga Newsdesk
Veeva Systems has provided its financial outlook for Q2 and FY25. The company expects Q2 EPS to be between $1.53 and $1.54, slightly above the $1.52 estimate, and revenue between $666M and $669M, below the $675.29M estimate. For FY25, Veeva projects EPS of around $6.16, slightly above the $6.15 estimate, and revenue between $2.7B and $2.71B, below the $2.73B estimate.
May 30, 2024 | 8:21 pm
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NEUTRAL IMPACT
Veeva Systems' Q2 EPS guidance is slightly above estimates, but revenue guidance is below expectations. Similarly, FY25 EPS guidance is slightly above estimates, while revenue guidance is below expectations.
The mixed guidance with EPS slightly above estimates but revenue below expectations for both Q2 and FY25 suggests a neutral short-term impact on Veeva Systems' stock price. Investors may be cautious due to the revenue miss, despite the positive EPS outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100