Veeva Systems (NYSE:VEEV) Updates FY 2027 Earnings Guidance

Key Points

• Veeva raised or reaffirmed FY 2027 guidance above analyst expectations, projecting EPS of $9.21 versus consensus of $8.58 and revenue of $3.7 billion versus $3.6 billion. Q3 EPS guidance was set at $2.33–$2.34.
• Analyst sentiment remains favorable, with 19 Buy, eight Hold and one Sell rating; the stock carries a consensus “Moderate Buy” rating and a $258.08 target price, despite several analysts recently lowering their targets.
• Shares fell 0.8% to $244.72, while the company’s latest quarterly EPS of $1.68 missed the $2.22 consensus estimate. An insider also sold 36,000 shares worth approximately $9.0 million under a pre-arranged trading plan.

Veeva Systems (NYSE:VEEV - Get Free Report) issued an update on its FY 2027 earnings guidance on Wednesday. The company provided EPS guidance of 9.210-9.210 for the period, compared to the consensus earnings per share estimate of 8.580. The company issued revenue guidance of $3.7 billion-$3.7 billion, compared to the consensus revenue estimate of $3.6 billion. Veeva Systems also updated its Q3 2027 guidance to 2.330-2.340 EPS.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Zacks Research cut Veeva Systems from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 14th. UBS Group dropped their target price on shares of Veeva Systems from $220.00 to $190.00 and set a "neutral" rating for the company in a research report on Thursday, June 4th. Mizuho lowered their price objective on Veeva Systems from $295.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, June 4th. Citigroup raised their target price on shares of Veeva Systems from $176.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday, June 4th. Finally, BNP Paribas Exane reissued an "outperform" rating and set a $285.00 price target on shares of Veeva Systems in a report on Thursday, June 4th. Nineteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $258.08.

Veeva Systems Stock Down 0.8%

Shares of NYSE VEEV traded down $2.06 during midday trading on Wednesday, hitting $244.72. The stock had a trading volume of 1,400,990 shares, compared to its average volume of 2,452,867. The company has a market capitalization of $39.75 billion, a PE ratio of 43.62, a P/E/G ratio of 1.07 and a beta of 0.92. Veeva Systems has a 1 year low of $148.05 and a 1 year high of $310.50. The stock has a 50 day simple moving average of $201.60 and a 200-day simple moving average of $182.61.

Veeva Systems (NYSE:VEEV - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The technology company reported $1.68 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.54). Veeva Systems had a return on equity of 13.72% and a net margin of 28.37%.Veeva Systems has set its FY 2027 guidance at 9.210-9.210 EPS and its Q3 2027 guidance at 2.330-2.340 EPS. As a group, analysts expect that Veeva Systems will post 6.64 earnings per share for the current fiscal year.

Insider Transactions at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 36,000 shares of the company's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $250.23, for a total transaction of $9,008,280.00. Following the completion of the sale, the insider directly owned 19,449 shares in the company, valued at $4,866,723.27. This represents a 64.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 10.60% of the company's stock.

Veeva Systems News Roundup

Here are the key news stories impacting Veeva Systems this week:

• Positive Sentiment: Major customer wins strengthen Vault CRM adoption. Biogen and Regeneron both committed to Veeva Vault CRM globally. The agreements support Veeva’s position in life-sciences commercial software and could contribute to future subscription growth. Veeva Vault CRM Selected by Biogen Veeva Vault CRM Selected by Regeneron
• Positive Sentiment: Truist said the wins reinforce Veeva’s market leadership. The bank characterized Vault CRM as the clear leader in life-sciences CRM ahead of earnings, providing a favorable read-through on competitive positioning and demand. Veeva's Vault CRM Wins Reinforce Market-Leader Status Ahead of Earnings
• Positive Sentiment: Needham reaffirmed its “Buy” rating. The repeated bullish recommendation adds support to the investment case as investors assess Veeva’s growth prospects and valuation. Needham Reaffirms Buy Rating
• Neutral Sentiment: Piper Sandler initiated coverage. New analyst coverage may increase institutional attention, although the article does not specify the firm’s rating or price target. Veeva Coverage Initiated at Piper Sandler
• Neutral Sentiment: Earnings remain the near-term catalyst. Veeva is scheduled to report second-quarter results after the bell. Its previous quarter exceeded consensus estimates, with revenue up 16.3% year over year, so investors will focus on results, subscription growth, and forward guidance. What to Expect From Veeva Systems's Q2 Earnings

Hedge Funds Weigh In On Veeva Systems

Several large investors have recently made changes to their positions in VEEV. Sivia Capital Partners LLC lifted its position in Veeva Systems by 225.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,122 shares of the technology company's stock worth $899,000 after buying an additional 2,164 shares in the last quarter. Bank of Nova Scotia lifted its holdings in Veeva Systems by 44.5% during the 2nd quarter. Bank of Nova Scotia now owns 5,866 shares of the technology company's stock valued at $1,689,000 after purchasing an additional 1,806 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Veeva Systems by 34.6% during the second quarter. NewEdge Advisors LLC now owns 8,832 shares of the technology company's stock worth $2,543,000 after purchasing an additional 2,272 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of Veeva Systems by 2.2% during the 2nd quarter. Treasurer of the State of North Carolina now owns 68,950 shares of the technology company's stock worth $19,856,000 after buying an additional 1,452 shares during the period. Finally, Diversify Wealth Management LLC boosted its stake in Veeva Systems by 5.3% during the 2nd quarter. Diversify Wealth Management LLC now owns 11,399 shares of the technology company's stock worth $3,140,000 after acquiring an additional 575 shares during the last quarter. Institutional investors own 88.20% of the company's stock.

Veeva Systems Company Profile

Veeva Systems NYSE: VEEV is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva's product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source