Veeva Systems Inc. (NYSE:VEEV) is reporting second quarter financial results on Thursday 27th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, VEEV is expected to report 2Q21 income of $ 0.64 per share from revenue of $ 340.12 million.
For the full year, analysts anticipate top line of $ 1392.24 million, while looking forward to income of $ 2.56 per share bottom line.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 339.00 million ~ $ 341.00 million
Full Year 2021 topline are forecasted in a range of$ 1,380.00 million ~ $ 1,395.00 million, where as bottomline are predicted in a range of $ 2.50 ~ $ 2.55 per share
Click Here For More Historical Outlooks Of Veeva Systems Inc.
Previous Quarter Performance
Veeva Systems Inc. communicated income for the first quarter of $ 0.66 per share, from the revenue of $ 337.11 million. The quarterly earnings improved 32.00 percent compared with the same quarter last year. Wall street analysts are predicting, VEEV to report 1Q21 income of $ 0.58 per share from revenue of $ 319.99 million. The bottom line results beat street analysts by $ 0.08 or 13.79 percent, at the same time, top line results outshined analysts by $ 17.12 million or 5.35 percent.
Stock Performance
Shares of Veeva Systems Inc. traded up $ 8.49 or 3.26 percent on Wednesday, reaching $ 268.67 with volume of 992.00 thousand shares. Veeva Systems Inc. has traded high as $ 269.04 and has cracked $ 263.47 on the downward trend
The closing price of $ 268.67, representing a 120.29 % increase from the 52 week low of $ 118.11 and a 5.01 % decrease over the 52 week high of $ 273.89.
The company has a market capital of $ 40.34 billion and is part of the Technology sector and Health Information Services industry.
Recent Analyst recommendations
- On 14th August 2020, maintained by Morgan Stanley at Overweight rating, with $ 253.00 target price.
- On 23rd July 2020, initiated by FBN Securities at Outperform rating, with $ 300.00 target price.
- On 7th July 2020, initiated by Stephens at Overweight rating, with $ 290.00 target price.
Conference Call
Veeva Systems Inc. will be hosting a conference call at 4:30 PM eastern time on 27th August 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.veeva.com
Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, data solutions, and master data management solutions; and Veeva Vault, a cloud-based enterprise content and data management applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, quality, and safety.
