EPAM Stock Recent News

EPAM Systems Inc shares sank 17% to $214.86 in early Monday trading after the digital transformation services and product engineering company announced that it is reducing its second quarter and full year 2023 profit and revenue outlook, citing “further deterioration” in near-term demand. For its second quarter, EPAM said it now expects adjusted earnings per share (EPS), which excludes nonrecurring items, of $2.33 to $2.40 and revenue of $1.16 billion to $1.17 billion, falling short of the FactSet consensus for EPS of $2.43 on $1.21 billion in revenue.

Shares of Epam Systems Inc. EPAM, +0.66% sank 5.4% in premarket trading Monday, after the engineering software company cut its profit and revenue outlook, citing “further deterioration” in near-term demand. For the second quarter, the company now expects adjusted earnings per share, which excludes nonrecurring items, of $2.33 to $2.40 and revenue of $1.16 billion to $1.17 billion, which are below the FactSet consensus for EPS of $2.43 and for revenue of $1.21 billion.

EPAM Systems is now down nearly 70% from its all-time high. The recent earnings were underwhelming, but growth should improve next year thanks to ongoing tailwinds and easier comps.

EPAM Systems' (EPAM) first-quarter results reflect the benefits of ongoing digital transformation and a continued focus on customer engagement and product development.

Epam (EPAM) came out with quarterly earnings of $2.47 per share, beating the Zacks Consensus Estimate of $2.34 per share. This compares to earnings of $2.49 per share a year ago.

EPAM Systems (EPAM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Epam (EPAM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

EPAM Systems' (EPAM) Q1 performance is likely to have benefited from the accelerated digital modernization across industries. However, an unfavorable currency exchange rate and the exit from the Russian market might have somewhat mitigated the benefits.

Investors interested in Computers - IT Services stocks are likely familiar with Computer Task Group (CTG) and Epam (EPAM). But which of these two stocks presents investors with the better value opportunity right now?

EPAM Systems (EPAM) enters into an enhanced global strategic alliance with Sitecore to drive large-scale digital transformation among enterprise customers.