Veeva Systems Inc. (NYSE:VEEV) is expected to report third quarter earnings results, After Market Close, on Tuesday 1st December 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.68 per share from revenue of $ 361.82 million.
Looking ahead, the full year income are expected at $ 2.68 per share on the revenues of $ 1420.20 million.
The Company Outlook
Earnings for 3Q21 are anticipated in a range of $ 0.66 ~ $ 0.68 per share, while revenues are expected in a range of $ 360.00 million ~ $ 362.00 million
Full Year 2021 topline are forecasted in a range of$ 1,415.00 million ~ $ 1,420.00 million, where as bottomline are predicted in a range of $ 2.64 ~ $ 2.67 per share
Click Here For More Historical Outlooks Of Veeva Systems Inc.
Previous Quarter Performance
Veeva Systems Inc. announced income for the second quarter of $ 0.72 per share, from the revenue of $ 353.68 million. The quarterly earnings elevated 30.91 percent compared with the same quarter last year. Street analysts expected Veeva Systems Inc. to report income of $ 0.64 per share on revenue of $ 340.12 million for the second quarter. The bottom line results beat street analysts by $ 0.08 or 12.50 percent, at the same time, top line results outshined analysts by $ 13.56 million or 3.99 percent.
Stock Performance
Shares of Veeva Systems Inc. traded up $ 0.42 or 0.15 percent on Monday, reaching $ 276.87 with volume of 1.15 million shares. Veeva Systems Inc. has traded high as $ 279.75 and has cracked $ 273.41 on the downward trend
According to the previous trading day, closing price of $ 276.87, representing a 134.06 % increase from the 52 week low of $ 118.11 and a 11.96 % decrease over the 52 week high of $ 313.99.
The company has a market capital of $ 41.76 billion and is part of the Technology sector and Health Information Services industry.
Recent Analyst recommendations
- On 26th October 2020, maintained by Raymond James at Outperform rating, with $ 335.00 target price.
- On 14th October 2020, initiated by UBS Group at Sell rating, with $ 225.00 target price.
Conference Call
Veeva Systems Inc. will be hosting a conference call at 4:30 PM eastern time on 1st December 2020, to discuss its 3Q21 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.
