Epam Systems Inc reports results for the quarter ended in June - Earnings Summary

EPAM Systems

08/08/2024 14:31

* Epam Systems Inc  EPAM.N  reported quarterly adjusted
earnings
of $2.45​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of
$2.64.  The mean expectation of twenty analysts for the quarter
was for earnings of $2.26 per share. Wall Street expected
results to range from $2.21  to $2.29 per share.
    * Revenue fell 2% to $1.15 billion from a year ago; analysts
expected $1.14 billion. 
    * Epam Systems Inc's reported EPS for the quarter was
$1.70​.
    * The company reported quarterly net income of $98.65
million.
    * Epam Systems Inc shares had risen by 10.7% this
quarter and
lost 30.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 10
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for Epam Systems Inc
is $225.00 
This summary was machine generated from LSEG data August 8 at
01:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      2.26           2.45           Beat
 Mar. 31 2024      2.32           2.46           Beat
 Dec. 31 2023      2.50           2.75           Beat
 Sep. 30 2023      2.56           2.73           Beat