A month has passed by for the reason that final earnings report for Veeva Programs (VEEV). Shares have misplaced about 6.2% in that timeframe, underperforming the S&P 500.
Will the current damaging development proceed main as much as its subsequent earnings launch, or is Veeva due for a breakout? Earlier than we dive into how traders and analysts have reacted as of late, let’s take a fast take a look at the newest earnings report with the intention to get a greater deal with on the essential drivers.
How Have Estimates Been Transferring Since Then?
It seems, estimates revision have trended upward in the course of the previous month.
The consensus estimate has shifted 12.94% resulting from these adjustments.
VGM Scores
Right now, Veeva has a poor Development Rating of F, nonetheless its Momentum Rating is doing so much higher with a C. Nonetheless, the inventory was allotted a grade of F on the worth facet, placing it within the lowest quintile for this funding technique.
General, the inventory has an mixture VGM Rating of F. For those who aren’t targeted on one technique, this rating is the one you ought to be keen on.
Outlook
Estimates have been trending upward for the inventory, and the magnitude of those revisions appears to be like promising. It comes with little shock Veeva has a Zacks Rank #1 (Robust Purchase). We anticipate an above common return from the inventory within the subsequent few months.
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Veeva Systems Inc. (VEEV) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
