EPAM Stock Recent News

NEW YORK, NY / ACCESSWIRE / August 22, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of EPAM Systems, Inc. ("EPAM") (NYSE:EPAM) concerning possible violations of federal securities laws. On May 8, 2024, Epam updated its guidance for the full year and 2Q that was below expectations.

NEW YORK, NY / ACCESSWIRE / August 21, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of EPAM Systems, Inc. ("EPAM") (NYSE:EPAM) concerning possible violations of federal securities laws. On May 8, 2024, Epam updated its guidance for the full year and 2Q that was below expectations.

The Investment Committee discuss the latest Calls Of The Day.

While the top- and bottom-line numbers for Epam (EPAM) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

EPAM Systems, Inc. (NYSE:EPAM ) Q2 2024 Earnings Conference Call August 8, 2024 8:00 AM ET Company Participants Mike Rowshandel - Head of Investor Relations Arkadiy Dobkin - President & Chief Executive Officer Jason Peterson - Chief Financial Officer Conference Call Participants Maggie Nolan - William Blair Bryan Bergin - TD Cowen Darrin Peller - Wolfe Research Jim Schneider - Goldman Sachs Jonathan Lee - Guggenheim Securities Ramsey El-Assal - Barclays Surinder Thind - Jefferies James Friedman - Susquehanna Operator Good day and welcome to the Second Quarter 2024 EPAM Systems Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

EPAM Systems' (EPAM) second-quarter 2024 results reflect the negative impacts of a slowdown in IT spending in the ongoing uncertain macroeconomic environment.

Epam (EPAM) came out with quarterly earnings of $2.45 per share, beating the Zacks Consensus Estimate of $2.26 per share. This compares to earnings of $2.64 per share a year ago.

EPAM Systems beat quarterly profit and revenue estimates on Thursday, helped by strong demand for its IT services as businesses are increasingly digitizing their operations.

Second quarter revenues of $1.147 billion, down 2.0% year-over-year GAAP income from operations was 10.5% of revenues and non-GAAP income from operations was 15.2% of revenues for the second quarter  Second quarter GAAP diluted EPS of $1.70, a decrease of $0.33, and non-GAAP diluted EPS of $2.45, a decrease of $0.19 on a year-over-year basis For the full year, EPAM narrows expected range for revenues to $4.590 billion to $4.625 billion, updates expected GAAP diluted EPS to now be in the range of $7.18 to $7.38 and non-GAAP diluted EPS to now be in the range of $10.20 to $10.40 For the third quarter, EPAM expects revenues to be in the range of $1.145 billion to $1.155 billion, GAAP diluted EPS to be in the range of $1.75 to $1.83 and non-GAAP diluted EPS to be in the range of $2.65 to $2.73 New Share Repurchase Program - On August 1, 2024, the Board of Directors approved a new share repurchase program with authorization to purchase up to $500 million of EPAM common stock NEWTOWN, Pa

From a technical perspective, Epam (EPAM) is looking like an interesting pick, as it just reached a key level of support. EPAM recently overtook the 20-day moving average, and this suggests a short-term bullish trend.