Veeva Systems (NYSE:VEEV) Issues Q2 2027 Earnings Guidance

Veeva Systems (NYSE:VEEV) issued an update on its second quarter 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.210-2.220 for the period, compared to the consensus EPS estimate of 2.070. The company issued revenue guidance of $902.0 million-$905.0 million, compared to the consensus revenue estimate of $887.5 million. Veeva Systems also updated its FY 2027 guidance to 9.050-9.050 EPS.

Veeva Systems Trading Down 2.3%

Shares of VEEV opened at $178.69 on Thursday. Veeva Systems has a 12 month low of $148.05 and a 12 month high of $310.50. The stock has a fifty day moving average price of $166.29 and a 200-day moving average price of $196.71. The firm has a market cap of $29.19 billion, a PE ratio of 33.03, a P/E/G ratio of 0.81 and a beta of 0.95.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings data on Wednesday, June 3rd. The technology company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.14 by $0.10. The firm had revenue of $882.95 million during the quarter, compared to analyst estimates of $857.73 million. Veeva Systems had a return on equity of 13.80% and a net margin of 28.44%.The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.97 EPS. Veeva Systems has set its FY 2027 guidance at 9.050-9.050 EPS and its Q2 2027 guidance at 2.210-2.220 EPS. As a group, research analysts forecast that Veeva Systems will post 6.45 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Raymond James Financial restated an “outperform” rating and issued a $225.00 target price on shares of Veeva Systems in a research note on Thursday. Wall Street Zen lowered Veeva Systems from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Needham & Company LLC reduced their target price on Veeva Systems from $355.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Canaccord Genuity Group reduced their target price on Veeva Systems from $280.00 to $235.00 and set a “hold” rating for the company in a research note on Thursday, March 5th. Finally, Royal Bank Of Canada reduced their target price on Veeva Systems from $330.00 to $275.00 and set an “outperform” rating for the company in a research note on Thursday, March 5th. Seventeen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $271.52.

Insiders Place Their Bets

In other Veeva Systems news, Director Priscilla Hung sold 750 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $155.64, for a total transaction of $116,730.00. Following the sale, the director directly owned 3,253 shares of the company’s stock, valued at approximately $506,296.92. This trade represents a 18.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 10.60% of the company’s stock.

Key Stories Impacting Veeva Systems

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

• Positive Sentiment: Veeva reported Q1 revenue of about $882.9 million and adjusted EPS of $2.24, both ahead of estimates, showing continued demand and profitability improvement. Veeva Systems (VEEV) Q1 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management issued Q2 revenue guidance of roughly $902 million-$905 million and EPS guidance of $2.21-$2.22, both above consensus, signaling confidence in near-term growth. Veeva Announces Fiscal 2027 First Quarter Results
• Positive Sentiment: Veeva highlighted AI innovations during the earnings call, which may support future product adoption and help the company deepen its competitive position in life sciences software. Veeva Systems Inc (VEEV) Q1 2027 Earnings Call Highlights: Surpassing Revenue Guidance and Unveiling AI Innovations
• Neutral Sentiment: Several summaries of the results emphasized that the quarter’s headline numbers were strong, but investors are still parsing the full transcript and details behind the outlook. Veeva Systems Inc. (VEEV) Q1 2027 Earnings Call Transcript
• Negative Sentiment: Despite the beat-and-raise report, some coverage noted the shares slipped after the announcement, suggesting the market may have been positioned for strong results or is focused on valuation and broader market sentiment. Veeva Shares Slip Despite Beating Q1 Estimates: Details

Institutional Investors Weigh In On Veeva Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Williams Jones Wealth Management LLC. grew its stake in shares of Veeva Systems by 0.4% in the third quarter. Williams Jones Wealth Management LLC. now owns 9,419 shares of the technology company’s stock worth $2,806,000 after acquiring an additional 40 shares in the last quarter. Rafferty Asset Management LLC grew its stake in shares of Veeva Systems by 0.7% in the second quarter. Rafferty Asset Management LLC now owns 6,881 shares of the technology company’s stock worth $1,982,000 after acquiring an additional 51 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Veeva Systems by 8.1% in the third quarter. Brown Brothers Harriman & Co. now owns 719 shares of the technology company’s stock worth $214,000 after acquiring an additional 54 shares in the last quarter. Raiffeisen Bank International AG grew its stake in shares of Veeva Systems by 59.8% in the fourth quarter. Raiffeisen Bank International AG now owns 155 shares of the technology company’s stock worth $35,000 after acquiring an additional 58 shares in the last quarter. Finally, Rakuten Securities Inc. grew its stake in shares of Veeva Systems by 56.7% in the second quarter. Rakuten Securities Inc. now owns 163 shares of the technology company’s stock worth $47,000 after acquiring an additional 59 shares in the last quarter. 88.20% of the stock is owned by institutional investors and hedge funds.

About Veeva Systems

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.