Recap: Veeva Systems Q4 Earnings

Veeva Systems 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.

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.

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).

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.

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