Veeva Systems (NYSE:VEEV) Announces Quarterly Earnings Results, Misses Estimates By $0.39 EPS

Veeva Systems (NYSE:VEEV) posted its quarterly earnings results on Wednesday. The technology company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.39), Zacks reports. Veeva Systems had a return on equity of 13.56% and a net margin of 25.07%. Veeva Systems updated its FY 2026 guidance to 7.320-7.320 EPS and its Q1 2026 guidance to 1.740-1.750 EPS.

Veeva Systems Price Performance

Shares of VEEV stock traded up $1.87 during trading hours on Wednesday, hitting $220.32. The stock had a trading volume of 1,481,610 shares, compared to its average volume of 1,057,440. The stock has a market capitalization of $35.77 billion, a price-to-earnings ratio of 54.40, a PEG ratio of 1.89 and a beta of 0.85. Veeva Systems has a one year low of $170.25 and a one year high of $258.93. The stock’s 50-day moving average price is $223.76 and its two-hundred day moving average price is $219.53.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VEEV shares. Barclays raised their price objective on shares of Veeva Systems from $260.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Scotiabank lifted their price target on shares of Veeva Systems from $235.00 to $240.00 and gave the company a “sector perform” rating in a report on Friday, December 6th. Wells Fargo & Company increased their target price on Veeva Systems from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Stifel Nicolaus upped their price objective on Veeva Systems from $240.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada increased their price objective on shares of Veeva Systems from $275.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $254.48.

About Veeva Systems

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.