Movement Alert|Veeva Rises 8.61% Overnight, Q2 Earnings and Full-Year Guidance Beat Expectations Across the Board

Market Focus
Aug 27

On August 27, Veeva rose 8.61% overnight, trading at $266.0/share, with turnover of $2,927.9.

The company reported fiscal Q2 adjusted EPS of $2.35, beating the consensus estimate of $2.22 by approximately 5.86% and representing an 18.09% year-over-year increase. Revenue came in at $928 million, surpassing the $905 million estimate. For fiscal Q3, the company guided adjusted EPS of $2.33–$2.34 on revenue of $932–$935 million, both above analyst expectations of $2.28 and $918 million respectively. Full-year fiscal 2027 adjusted EPS guidance was raised to approximately $9.21, exceeding the Street estimate of $9.06.

Ahead of earnings, the company secured Biogen, Regeneron, and Eli Lilly as global Vault CRM clients, bringing commitments from 13 of the top 20 pharmaceutical companies and reinforcing its dominant position in life sciences CRM. Guggenheim and Stifel raised price targets to $276 and $275 respectively, maintaining Buy ratings.

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