Veeva Systems (VEEV) To Report Q2 Earnings: What's In Store?
Zacks Investment Research | Aug 20, 2019 09:05PM ET
Veeva Systems Inc.’s (NYSE:VEEV) second-quarter fiscal 2020 results are scheduled to release on Aug 27, after market closes. The company is set to gain from its core Subscription Services unit and a strong view for the quarter to be reported. However, intense competition in the healthcare IT space is a headwind.
In the last reported quarter, the company delivered a positive earnings surprise of 11.1%. Further, it has a positive average surprise of 14.2% for the trailing four quarters.
Let’s take a look at how things are shaping up prior to this announcement.
Which Way Are Q2 Estimates Treading?
The Zacks Consensus Estimate for fiscal second-quarter earnings is pegged at 49 cents, suggesting an improvement of 25.6% from the year-ago quarter. The same for revenues is pegged at $259.3million, indicating growth of 23.7% from the year-ago reported figure.
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