Veeva Systems (VEEV) closed at $241.51 in the latest trading session, marking a +2.08% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.26% for the day. On the other hand, the Dow registered a loss of 0.04%, and the technology-centric Nasdaq increased by 0.54%.
The stock of provider of cloud-based software services for the life sciences industry has risen by 22.52% in the past month, leading the Medical sector's gain of 2.89% and the S&P 500's gain of 2.13%.
The upcoming earnings release of Veeva Systems will be of great interest to investors. The company's earnings report is expected on August 26, 2026. The company is expected to report EPS of $2.22, up 11.56% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $904.07 million, indicating a 14.57% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.05 per share and revenue of $3.64 billion, indicating changes of +11.73% and +13.96%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Veeva Systems. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Veeva Systems possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Veeva Systems is currently being traded at a Forward P/E ratio of 26.15. Its industry sports an average Forward P/E of 28.71, so one might conclude that Veeva Systems is trading at a discount comparatively.
One should further note that VEEV currently holds a PEG ratio of 0.75. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Medical Info Systems industry held an average PEG ratio of 3.13.
The Medical Info Systems industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 160, which puts it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Veeva Systems Inc. (VEEV): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
