Veeva Systems Inc reports results for the quarter ended July 31 - Earnings Summary

• Veeva Systems Inc VEEV.N reported quarterly adjusted earnings of $1.99​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of $1.62. The mean expectation of twenty seven analysts for the quarter was for earnings of $1.90 per share. Wall Street expected results to range from $1.88 to $1.93 per share.

• Revenue rose 16.7% to $789.08 million from a year ago; analysts expected $768.42 million.

• Veeva Systems Inc's reported EPS for the quarter was $1.19​.

• The company reported quarterly net income of $200.31 million.

• Veeva Systems Inc shares had fallen by 0.5% this quarter and gained 36.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.6% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 11 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the advanced medical equipment & technology peer group is also "buy"

• Wall Street's median 12-month price target for Veeva Systems Inc is $300.00, about 2.1% above its last closing price of $293.59

This summary was machine generated from LSEG data August 27 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)