Veeva Systems (NYSE:VEEV) reported its Q4 earnings results on Wednesday, March 2, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Veeva Systems beat estimated earnings by 2.27%, reporting an EPS of $0.9 versus an estimate of $0.88.
Revenue was up $88.74 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.09 which was followed by a 3.57% drop in the share price the next day.
Here's a look at Veeva Systems's past performance:
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.88 | 0.87 | 0.78 | 0.68 |
| EPS Actual | 0.97 | 0.94 | 0.91 | 0.78 |
| Revenue Estimate | 465.91M | 451.93M | 410.03M | 380.23M |
| Revenue Actual | 476.11M | 455.59M | 433.57M | 396.76M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Veeva Systems management provided guidance for their next quarter, expecting earnings between $0.91 and $0.92 per share for the next quarter.
This represents a 1.67% in quarter-over-quarter growth for Veeva Systems, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
