EPAM Q1 Earnings Beat, Shares Fall on Downbeat FY24 Guidance [Yahoo! Finance]
EPAM Systems, Inc. (EPAM)
Last epam systems, inc. earnings: 2/20 06:00 am
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Source: Yahoo! Finance
However, shares of the company plunged 27% on Thursday as the digital transformation services and product provider lowered its full-year 2024 guidance due to a challenging demand environment. EPAM Systems' first-quarter non-GAAP earnings of $2.46 per share beat the Zacks Consensus Estimate of $2.32. However, the figure came a penny lower than the year-ago quarter's earnings of $2.47 per share, primarily due to lower revenues and a higher tax rate, partially offset by its cost-saving initiatives, which include workforce rebalancing efforts. EPAM Systems, Inc. Price, Consensus and EPS Surprise EPAM Systems, Inc. price-consensus-eps-surprise-chart | EPAM Systems, Inc. Quote First-Quarter Top-Line Performance First-quarter revenues of $1.165 billion were in line with the Zacks Consensus Estimate but declined 3.8% year over year. On a constant-currency basis, the top line decreased 4.3% year over year. The year-over-year decline in revenues reflects the negative impacts of a sl
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EPAM
News
- EPAM Systems, Inc. (NYSE: EPAM) was downgraded by analysts at Wolfe Research from an "outperform" rating to a "peer perform" rating.MarketBeat
- EPAM Systems, Inc. (NYSE: EPAM) had its price target lowered by analysts at Mizuho from $345.00 to $258.00. They now have a "buy" rating on the stock.MarketBeat
- Results: EPAM Systems, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts [Yahoo! Finance]Yahoo! Finance
- EPAM Systems, Inc. (NYSE:EPAM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- EPAM Systems, Inc. (NYSE: EPAM) had its price target lowered by analysts at TD Cowen from $282.00 to $203.00. They now have a "hold" rating on the stock.MarketBeat
EPAM
Earnings
- 5/9/24 - Beat
EPAM
Sec Filings
- 5/17/24 - Form DEFA14A
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- EPAM's page on the SEC website