Wall Street analysts forecast that Veeva Systems (VEEV) will report quarterly earnings of $2.22 per share in its upcoming release, pointing to a year-over-year increase of 11.6%. It is anticipated that revenues will amount to $904.07 million, exhibiting an increase of 14.6% compared to the year-ago quarter.

Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.

That said, let's delve into the average estimates of some Veeva metrics that Wall Street analysts commonly model and monitor.

Analysts' assessment points toward 'Revenues- Subscription services' reaching $753.97 million. The estimate suggests a change of +14.4% year over year.

The consensus estimate for 'Revenues- Professional services and other' stands at $150.02 million. The estimate indicates a year-over-year change of +15.5%.

The combined assessment of analysts suggests that 'Revenues- Professional services and other- Veeva R&D Solutions' will likely reach $95.17 million. The estimate points to a change of +15.8% from the year-ago quarter.

The average prediction of analysts places 'Revenues- Subscription services- Veeva R&D Solutions' at $411.97 million. The estimate indicates a year-over-year change of +17.2%.

According to the collective judgment of analysts, 'Revenues- Subscription services- Veeva Commercial Solutions' should come in at $342.25 million. The estimate indicates a year-over-year change of +11.3%.

It is projected by analysts that the 'Revenues- Professional services and other- Veeva Commercial Solutions' will reach $55.35 million. The estimate points to a change of +16% from the year-ago quarter.

The collective assessment of analysts points to an estimated 'Non-GAAP Gross Margin- Professional services and other' of 29.8%. Compared to the current estimate, the company reported 33.4% in the same quarter of the previous year.

Based on the collective assessment of analysts, 'Non-GAAP Gross Margin- Subscription services' should arrive at 86.3%. The estimate is in contrast to the year-ago figure of 86.2%.

View all Key Company Metrics for Veeva here>>>

Over the past month, shares of Veeva have returned +39.5% versus the Zacks S&P 500 composite's +2.8% change. Currently, VEEV carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

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Veeva Systems Inc. (VEEV): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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