EPAM Systems (NYSE:EPAM) Issues Q4 2024 Earnings Guidance

EPAM Systems (NYSE:EPAM) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 2.700-2.780 for the period, compared to the consensus EPS estimate of 2.700. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion. EPAM Systems also updated its FY 2024 guidance to 10.730-10.810 EPS.

Wall Street Analysts Forecast Growth

EPAM has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on EPAM Systems in a report on Thursday, August 22nd. They issued a “hold” rating and a $204.00 target price on the stock. Susquehanna dropped their target price on shares of EPAM Systems from $260.00 to $240.00 and set a “positive” rating on the stock in a research report on Friday, August 9th. StockNews.com raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Citigroup boosted their price objective on shares of EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $225.00 target price on shares of EPAM Systems in a research note on Tuesday, October 8th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, EPAM Systems has an average rating of “Moderate Buy” and an average target price of $254.89.

EPAM Systems Stock Performance

EPAM Systems stock opened at $202.69 on Thursday. The business has a 50 day moving average of $197.65 and a 200-day moving average of $198.13. The company has a market capitalization of $11.54 billion, a P/E ratio of 29.04, a P/E/G ratio of 4.16 and a beta of 1.46. EPAM Systems has a 1 year low of $169.43 and a 1 year high of $317.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 4.84.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, August 8th. The information technology services provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.19. EPAM Systems had a return on equity of 14.31% and a net margin of 8.86%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm posted $2.21 earnings per share. The business’s quarterly revenue was down 2.0% on a year-over-year basis. On average, equities research analysts predict that EPAM Systems will post 8.08 earnings per share for the current year.

EPAM Systems announced that its board has authorized a stock repurchase plan on Thursday, August 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the information technology services provider to buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.