Veeva Systems Shares Climb 1.29% as Forward P/E Hits 21.75
Veeva Systems shares rose 1.29% today, outpacing the S&P 500’s 0.33% drop. The stock is down 20.84% month-to-date versus a 1.02% sector decline and trades at a forward P/E of 21.75 ahead of Q1 EPS of $1.92 on $808.9 million revenue.
1. Daily Share Performance
Shares of Veeva Systems rose 1.29% to $186.99, outpacing a 0.33% drop in the S&P 500 while the Nasdaq fell 0.59% and the Dow gained 0.1%.
2. Monthly Underperformance
Over the past month, Veeva shares have declined 20.84%, underperforming the Medical sector’s 1.02% loss and the flat performance of the S&P 500.
3. Upcoming Earnings Projections
Analysts forecast Q1 EPS of $1.92, a 10.34% year-over-year increase, and revenue of $808.89 million, up 12.21%. Full-year estimates call for $7.93 EPS (+20.15%) on $3.16 billion revenue (+15.16%).
4. Valuation Metrics and Analyst Rating
Veeva trades at a forward P/E of 21.75 versus the industry average of 20.68 and posts a PEG ratio of 0.92 compared with 1.31. It holds a consensus hold rating (#3) from analysts.