Veeva Systems (VEEV) Stock: Why Its Trending Today

By Amit Chowdhry ● Mar 3, 2022
  • The Veeva Systems Inc (NYSE: VEEV) stock is trending today. This is why.

The Veeva Systems Inc (NYSE: VEEV) stock is trending today. And the company stock price fell by over 12% pre-market today.

Veeva Systems reported a Q4 EPS of $0.90, which is $0.02 better than analyst estimates of $0.88. And the revenue for the quarter came in at $485.5 million versus the consensus estimate of $480.2 million.

In terms of guidance, Veeva Systems expects a Q1 2023 EPS of $0.91-$0.92, compared to the consensus of $0.94. And Veeva Systems expects a Q1 2023 revenue of $494-496 million, compared to the consensus of $505.54 million.

Plus Veeva Systems expects an FY2023 EPS of about $4.02, compared to the consensus of $3.93. And Veeva Systems expects FY2023 revenue of $2.16-2.17 billion, compared to the consensus of $2.15 billion.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.