5 Stocks Making Big Moves After Earnings Reports

In this article, we discuss the 5 stocks making big moves after earnings reports. If you want to read our detailed analysis of these companies, go directly to the 11 Stocks Making Big Moves After Earnings Reports.  

5. Veeva Systems Inc. (NYSE:VEEV)

Number of Hedge Fund Holders: 45

Shares of Veeva Systems Inc. (NYSE:VEEV) tumbled over 16 percent on Thursday, March 3, 2022, despite announcing better-than-expected financial results for its fiscal fourth quarter. The cloud-computing company reported earnings of 90 cents per share, up from 78 cents per share in the comparable period of 2020.

In addition, Veeva Systems Inc. (NYSE:VEEV) posted revenue of $485.5 million, up 22 percent on a year-over-year basis. The results exceeded the consensus of 88 cents per share for earnings and $476.23 million for revenue.

Veeva Systems Inc. (NYSE:VEEV) also issued its financial outlook for the first quarter. It expects adjusted earnings in the range of 91 – 92 cents per share and revenue between $494 – $496 million for the current quarter.

Commenting on the quarter, CFO Brent Bowman said:

“Our strong results in the quarter and the year reflect our continued outstanding execution and expanding position as a trusted partner to the industry. We are set up for another year of high growth and strong profitability and are tracking ahead of our 2025 targets.”