Veeva Systems Inc (NYSE: VEEV) has reported E.P.S. of $0.92 for its fourth fiscal quarter (ending January 31) versus $1.20 for the same period a year ago — a decline of -23%. Relative to the consensus estimate of $1.30, this was a shortfall of $-0.38. For the latest four quarters through January 31, E.P.S. were $3.27 compared to $3.14 a year ago — an increase of 4%.
Recent Price Action
Veeva Systems Inc (NYSE: VEEV) stock closed at $225.51 on 2/29/24 after a slight gain of 0.06%. Moreover, this advance was accompanied by unusually high trading volume at 176% of normal. The stock has risen 4.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
VEEV’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Veeva Systems has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Veeva Systems has a poor Appreciation Score of 26 but a neutral Power Rating of 59, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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