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

EPAM Systems

10/05/2024 14:53

* Epam Systems Inc  EPAM.N  reported quarterly adjusted
earnings
of $2.46​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of
$2.47.  The mean expectation of nineteen analysts for the
quarter was for earnings of $2.32 per share. Wall Street
expected results to range from $2.29  to $2.40 per share.
    * Revenue fell 3.8% to $1.17 billion from a year ago;
analysts
expected $1.16 billion. 
    * Epam Systems Inc's reported EPS for the quarter was
$1.97​.
    * The company reported quarterly net income of $116.24
million.
    * Epam Systems Inc shares had fallen by 34.1% this
quarter and
lost 38.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.1%
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 13 "strong buy" or "buy," 7
"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 $241.00 
This summary was machine generated from LSEG data May 10 at
01:53 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
 Mar. 31 2024      2.32           2.46           Beat
 Dec. 31 2023      2.50           2.75           Beat
 Sep. 30 2023      2.56           2.73           Beat
 Jun. 30 2023      2.34           2.64           Beat