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

For growth-minded investors, high revenue and EPS growth are key criteria. Today, we'll examine whether VEEVA SYSTEMS INC-CLASS A (NYSE:VEEV) fits the bill for growth investing, particularly as it forms a base and hints at a potential breakout. Remember, due diligence is essential, but VEEVA SYSTEMS INC-CLASS A has caught our attention on our screen for growth with base formation. It may warrant additional investigation.

Assessing Growth for NYSE:VEEV

Every stock receives a Growth Rating from ChartMill, ranging from 0 to 10. This rating assesses various growth aspects, including historical and projected EPS and revenue growth. NYSE:VEEV boasts a 8 out of 10:

• The Earnings Per Share has grown by an impressive 32.73% over the past year.
• Measured over the past years, VEEV shows a very strong growth in Earnings Per Share. The EPS has been growing by 24.47% on average per year.
• The Revenue has grown by 15.29% in the past year. This is quite good.
• The Revenue has been growing by 22.35% on average over the past years. This is a very strong growth!
• VEEV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.59% yearly.
• 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.

Unpacking NYSE:VEEV's Health Rating

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 9 out of 10:

• VEEV has an Altman-Z score of 20.02. This indicates that VEEV is financially healthy and has little risk of bankruptcy at the moment.
• With an excellent Altman-Z score value of 20.02, VEEV belongs to the best of the industry, outperforming 94.74% 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.
• A Current Ratio of 5.01 indicates that VEEV has no problem at all paying its short term obligations.
• With an excellent Current ratio value of 5.01, VEEV belongs to the best of the industry, outperforming 86.84% of the companies in the same industry.
• A Quick Ratio of 5.01 indicates that VEEV has no problem at all paying its short term obligations.
• With an excellent Quick ratio value of 5.01, VEEV belongs to the best of the industry, outperforming 86.84% of the companies in the same industry.

Evaluating Profitability: NYSE:VEEV

ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NYSE:VEEV was assigned a score of 7 for profitability:

• VEEV's Return On Assets of 9.72% is amongst the best of the industry. VEEV outperforms 94.74% of its industry peers.
• With an excellent Return On Equity value of 11.87%, VEEV belongs to the best of the industry, outperforming 94.74% of the companies in the same industry.
• With an excellent Return On Invested Capital value of 8.87%, VEEV belongs to the best of the industry, outperforming 97.37% of the companies in the same industry.
• VEEV had an Average Return On Invested Capital over the past 3 years of 10.05%. This is above the industry average of 6.10%.
• VEEV has a Profit Margin of 23.91%. This is amongst the best in the industry. VEEV outperforms 94.74% of its industry peers.
• Looking at the Operating Margin, with a value of 22.94%, VEEV belongs to the top of the industry, outperforming 97.37% of the companies in the same industry.
• VEEV has a Gross Margin of 73.35%. This is in the better half of the industry: VEEV outperforms 76.32% of its industry peers.

Why is NYSE:VEEV a setup?

ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, NYSE:VEEV exhibits a 7 setup rating, indicating its consolidation status in recent days and weeks.

VEEV has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.

Check the latest full fundamental report of VEEV for a complete fundamental analysis.

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

Disclaimer

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.