Epam Systems Inc expected to post earnings of $2.26 a share - Earnings Preview

EPAM Systems

07/06/2024 13:53

* Epam Systems Inc  EPAM.N   EPAM.K  is expected to show a
fall in
quarterly revenue when it reports  results on June 10
(estimated) for the period ending June 30 2024
    * The Newtown Pennsylvania-based  company is expected to
report a
2.6% decrease in revenue to $1.14 billion from $1.17 billion a
year ago, according to the mean estimate from 16 analysts, based
on LSEG data.The company's guidance on May 9 2024, for the
period ended June 30, was for revenue between $1.14 billion and
$1.15 billion.
    * ​LSEG's mean analyst estimate for Epam Systems Inc is for
earnings of $2.26 per share. The company's EPS guidance on May 9
2024, for the period ended June 30, was between $2.21 and $2.29 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 10
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Epam
Systems Inc
is $210.00​, above​ its last closing price of $175.21. ​​​

The company's guidance on May 9 2024 for the period ended June
30 was for Earnings before Interest and Taxes between USD153.225
million and USD166.025 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  2.32        2.32       2.46      Beat    6.2
 Jan. 1 2024               2.50       2.75      Beat    10
 Sep. 30 2023  2.57        2.56       2.73      Beat    6.6​
 Jun. 30 2023  2.34        2.34       2.64      Beat    12.9
 ​​Mar.        2.34        2.34       2.47      Beat    5.5
 31 2023                                                
 Dec. 31 2022  2.68        2.68       2.93      Beat    9.4​
 Jan. 1 0001   2.54        2.53       3.10      Beat    22.5
 Jan. 1 0001   1.72        1.72       2.38      Beat    38.3
 This summary was machine generated June 7 at 12:53 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)