Life sciences cloud software provider Veeva Systems (NYSE: VEEV) will be reporting results this Wednesday after market close. Here’s what you need to know.
Veeva Systems beat analysts’ revenue expectations by 4.2% last quarter, reporting revenues of $759 million, up 16.7% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ billings estimates and EPS guidance for next quarter exceeding analysts’ expectations.
Is Veeva Systems a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Veeva Systems’s revenue to grow 13.6% year on year to $768.4 million, in line with the 14.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.90 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Veeva Systems has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 1.9% on average.
Looking at Veeva Systems’s peers in the vertical software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Doximity delivered year-on-year revenue growth of 15.2%, beating analysts’ expectations by 4.5%, and Olo reported revenues up 21.6%, topping estimates by 4.2%. Doximity traded up 13.5% following the results while Olo’s stock price was unchanged.
Read our full analysis of Doximity’s results here and Olo’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the vertical software stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.3% on average over the last month. Veeva Systems is down 2.3% during the same time and is heading into earnings with an average analyst price target of $300.78 (compared to the current share price of $285.80).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
