NYSE:VEEV, a strong growth stock, setting up for a breakout.

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.

What does the Growth looks like 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:

• VEEV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 35.57%, which is quite impressive.
• 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 15.67% 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!
• Based on estimates for the next years, VEEV will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.50% on average per year.
• VEEV is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.40% yearly.

A Closer Look at Health for NYSE:VEEV

ChartMill employs its own Health Rating for stock assessment. This rating, ranging from 0 to 10, is calculated by examining various liquidity and solvency ratios. In the case of NYSE:VEEV, the assigned 9 reflects its health status:

• An Altman-Z score of 24.09 indicates that VEEV is not in any danger for bankruptcy at the moment.
• VEEV's Altman-Z score of 24.09 is amongst the best of the industry. VEEV outperforms 91.89% of its industry peers.
• 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 6.36 indicates that VEEV has no problem at all paying its short term obligations.
• Looking at the Current ratio, with a value of 6.36, VEEV belongs to the top of the industry, outperforming 97.30% of the companies in the same industry.
• VEEV has a Quick Ratio of 6.36. This indicates that VEEV is financially healthy and has no problem in meeting its short term obligations.
• With an excellent Quick ratio value of 6.36, VEEV belongs to the best of the industry, outperforming 97.30% of the companies in the same industry.

Understanding NYSE:VEEV's Profitability

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 8 out of 10:

• The Return On Assets of VEEV (10.32%) is better than 94.59% of its industry peers.
• VEEV's Return On Equity of 12.10% is amongst the best of the industry. VEEV outperforms 94.59% of its industry peers.
• With an excellent Return On Invested Capital value of 9.08%, VEEV belongs to the best of the industry, outperforming 97.30% of the companies in the same industry.
• The Average Return On Invested Capital over the past 3 years for VEEV is above the industry average of 6.36%.
• VEEV's Profit Margin of 25.07% is amongst the best of the industry. VEEV outperforms 94.59% of its industry peers.
• With an excellent Operating Margin value of 24.22%, VEEV belongs to the best of the industry, outperforming 97.30% of the companies in the same industry.
• VEEV has a better Gross Margin (73.93%) than 81.08% of its industry peers.

Looking at the Setup

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:VEEV has a 8 as its setup rating:

VEEV has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 217.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 212.83, a Stop Loss order could be placed below this zone.

More Strong Growth stocks can be found in our Strong Growth screener.

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

For an up to date full technical analysis you can check the technical report of VEEV

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.