Veeva Systems (NYSE:VEEV) Updates Q3 2027 Earnings Guidance

Veeva Systems (NYSE:VEEV) updated its third quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.330-2.340 for the period, compared to the consensus EPS estimate of 2.160. The company issued revenue guidance of $932.0 million-$935.0 million, compared to the consensus revenue estimate of $917.9 million. Veeva Systems also updated its FY 2027 guidance to 9.210-9.210 EPS.

Wall Street Analysts Forecast Growth

VEEV has been the topic of a number of analyst reports. Zacks Research downgraded shares of Veeva Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Royal Bank Of Canada increased their price target on shares of Veeva Systems from $275.00 to $325.00 and gave the company an “outperform” rating in a research note on Thursday. Oppenheimer raised their price target on shares of Veeva Systems from $225.00 to $300.00 and gave the stock an “outperform” rating in a report on Monday, August 17th. Raymond James Financial reaffirmed an “outperform” rating and set a $225.00 price target on shares of Veeva Systems in a research report on Thursday, June 4th. Finally, Piper Sandler upped their price objective on Veeva Systems from $295.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday. Nineteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $281.00.

Veeva Systems Price Performance

Shares of VEEV stock opened at $282.76 on Friday. The firm has a market cap of $45.93 billion, a PE ratio of 46.51, a price-to-earnings-growth ratio of 1.05 and a beta of 0.92. The company has a 50-day moving average of $206.00 and a two-hundred day moving average of $183.73. Veeva Systems has a 1-year low of $148.05 and a 1-year high of $310.50.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Wednesday, August 26th. The technology company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. The business had revenue of $927.96 million for the quarter, compared to the consensus estimate of $905.38 million. Veeva Systems had a net margin of 29.34% and a return on equity of 14.37%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.99 EPS. 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. Sell-side analysts anticipate that Veeva Systems will post 6.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Veeva Systems news, insider Thomas D. Schwenger sold 36,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $250.23, for a total value of $9,008,280.00. Following the sale, the insider owned 19,449 shares of the company’s stock, valued at $4,866,723.27. The trade was a 64.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 10.60% of the company’s stock.

Trending Headlines about Veeva Systems

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

• Positive Sentiment: Quarterly results exceeded expectations: Fiscal Q2 revenue rose 17.6% year over year to $928.0 million, topping the $905.4 million consensus estimate. Non-GAAP EPS of $2.35 also beat expectations of approximately $2.22-$2.23 and increased from $1.99 a year earlier. Veeva Announces Fiscal 2027 Second Quarter Results
• Positive Sentiment: Raised guidance provided an additional catalyst: Veeva forecast third-quarter revenue of $932 million-$935 million and EPS of $2.33-$2.34, above analyst estimates of $917.9 million and $2.16, respectively. Full-year fiscal 2027 EPS guidance of $9.21 and revenue guidance of roughly $3.7 billion also exceeded consensus expectations. Veeva Systems Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: CRM and AI momentum strengthened the growth narrative: Management highlighted record Vault CRM execution, continued commercial-cloud adoption and rising demand for its Falcon AI offering, with initial Falcon customer deployments expected this year. VEEV Q2 Earnings Call Centers on Falcon and CRM Momentum
• Positive Sentiment: Analysts broadly raised price targets: Barclays, RBC, Guggenheim, Truist and Robert W. Baird increased their targets, with RBC moving to $325 and Barclays to $315; several maintained positive ratings. RBC Raises Veeva Price Target
• Neutral Sentiment: Analyst reaction was not uniformly bullish: UBS and Morgan Stanley retained neutral or equal-weight ratings, while Canaccord maintained a hold rating despite raising its target.
• Negative Sentiment: Several revised targets remain below the current trading level, including BMO’s $270, Canaccord’s $260 and Morgan Stanley’s $275, signaling valuation concerns after the rally.

Institutional Investors Weigh In On Veeva Systems

A number of institutional investors have recently modified their holdings of the company. Durable Capital Partners LP purchased a new stake in shares of Veeva Systems in the 2nd quarter valued at $281,351,000. AQR Capital Management LLC boosted its holdings in Veeva Systems by 31.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,412,210 shares of the technology company’s stock valued at $706,078,000 after acquiring an additional 574,164 shares during the period. Greenoaks Capital Partners LLC boosted its holdings in Veeva Systems by 198.2% during the 4th quarter. Greenoaks Capital Partners LLC now owns 694,926 shares of the technology company’s stock valued at $155,128,000 after acquiring an additional 461,908 shares during the period. Federated Hermes Inc. grew its position in Veeva Systems by 50.4% in the 4th quarter. Federated Hermes Inc. now owns 1,030,312 shares of the technology company’s stock valued at $229,997,000 after acquiring an additional 345,051 shares in the last quarter. Finally, Amundi grew its position in Veeva Systems by 48.6% in the 4th quarter. Amundi now owns 919,467 shares of the technology company’s stock valued at $205,253,000 after acquiring an additional 300,720 shares in the last quarter. 88.20% of the stock is owned by institutional investors and hedge funds.

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.