Veeva Systems (VEEV) closed at $217.80 in the latest trading session, marking a +2.01% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.18%. Elsewhere, the Dow lost 0.85%, while the tech-heavy Nasdaq lost 0.06%.
Prior to today's trading, shares of the provider of cloud-based software services for the life sciences industry had gained 13.47% outpaced the Medical sector's loss of 1.42% and the S&P 500's gain of 3.33%.
Investors will be eagerly watching for the performance of Veeva Systems in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 26, 2026. On that day, Veeva Systems is projected to report earnings of $2.22 per share, which would represent year-over-year growth of 11.56%. Alongside, our most recent consensus estimate is anticipating revenue of $904.07 million, indicating a 14.57% upward movement from the same quarter last year.
VEEV's full-year Zacks Consensus Estimates are calling for earnings of $9.05 per share and revenue of $3.64 billion. These results would represent year-over-year changes of +11.73% and +18.22%, respectively.
Investors might also notice recent changes to analyst estimates for Veeva Systems. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Veeva Systems holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Veeva Systems is holding a Forward P/E ratio of 23.6. This indicates a discount in contrast to its industry's Forward P/E of 27.07.
We can additionally observe that VEEV currently boasts a PEG ratio of 0.67. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Medical Info Systems industry held an average PEG ratio of 3.35.
The Medical Info Systems industry is part of the Medical sector. This industry, currently bearing a Zacks Industry Rank of 68, finds itself in the top 28% echelons 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Originally published on zacks.com, part of the BLOX Digital Content Exchange.
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