NYSE:VEEV: a strong growth stock preparing for the next leg up?.

Growth investors are on the lookout for stocks displaying robust revenue and EPS growth. In this analysis, we'll assess whether VEEVA SYSTEMS INC-CLASS A (NYSE:VEEV) aligns with growth investing criteria, especially as it consolidates and signals a possible breakout. As always, investors should conduct their own research, but VEEVA SYSTEMS INC-CLASS A has surfaced on our radar for growth with base formation, warranting further examination.

Growth Analysis for NYSE:VEEV

ChartMill employs its own Growth Rating system for all stocks. This score, ranging from 0 to 10, is derived by evaluating different growth factors, such as EPS and revenue growth, taking into account both past performance and future projections. NYSE:VEEV has earned a 8 for growth:

• The Earnings Per Share has grown by an impressive 28.67% over the past year.
• The Earnings Per Share has been growing by 24.47% on average over the past years. This is a very strong growth
• Looking at the last year, VEEV shows a quite strong growth in Revenue. The Revenue has grown by 14.31% in the last year.
• VEEV shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.35% yearly.
• Based on estimates for the next years, VEEV will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.59% on average per year.
• Based on estimates for the next years, VEEV will show a quite strong growth in Revenue. The Revenue will grow by 13.11% on average per year.

What does the Health looks like for NYSE:VEEV

To gauge a stock's financial health, ChartMill utilizes a Health Rating on a scale of 0 to 10. This comprehensive evaluation encompasses liquidity and solvency, both in absolute terms and in comparison to industry peers. NYSE:VEEV has earned a 8 out of 10:

• An Altman-Z score of 15.86 indicates that VEEV is not in any danger for bankruptcy at the moment.
• Looking at the Altman-Z score, with a value of 15.86, VEEV belongs to the top of the industry, outperforming 94.87% of the companies in the same industry.
• There is no outstanding debt for VEEV. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
• VEEV has a Current Ratio of 4.29. This indicates that VEEV is financially healthy and has no problem in meeting its short term obligations.
• The Current ratio of VEEV (4.29) is better than 76.92% of its industry peers.
• A Quick Ratio of 4.29 indicates that VEEV has no problem at all paying its short term obligations.
• VEEV's Quick ratio of 4.29 is fine compared to the rest of the industry. VEEV outperforms 76.92% of its industry peers.

How do we evaluate the Profitability for NYSE:VEEV?

ChartMill assigns a Profitability Rating to every stock. This score ranges from 0 to 10 and evaluates the different profitability ratios and margins, both absolutely, but also relative to the industry peers. NYSE:VEEV scores a 7 out of 10:

• Looking at the Return On Assets, with a value of 8.98%, VEEV belongs to the top of the industry, outperforming 97.44% of the companies in the same industry.
• VEEV has a Return On Equity of 11.37%. This is amongst the best in the industry. VEEV outperforms 94.87% of its industry peers.
• The Return On Invested Capital of VEEV (8.40%) is better than 97.44% of its industry peers.
• VEEV had an Average Return On Invested Capital over the past 3 years of 10.05%. This is above the industry average of 5.77%.
• VEEV has a better Profit Margin (22.34%) than 97.44% of its industry peers.
• With an excellent Operating Margin value of 21.22%, VEEV belongs to the best of the industry, outperforming 97.44% of the companies in the same industry.
• Looking at the Gross Margin, with a value of 72.48%, VEEV is in the better half of the industry, outperforming 74.36% of the companies in the same industry.

How does the Setup look for NYSE:VEEV

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:VEEV this score is currently 7:

Although the technical rating is bad, VEEV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 191.91. Right above this resistance zone may be a good entry point.

Our Strong Growth screener lists more Strong Growth stocks and is updated daily.

Our latest full fundamental report of VEEV contains the most current fundamental analsysis.

Our latest full technical report of VEEV contains the most current technical analsysis.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.