Epam (EPAM) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individual inves ...

EPAM Systems (EPAM) reported third-quarter 2024 non-GAAP earnings of $3.12 per share, beating the Zacks Consensus Estimate by 15.5%. The bottom line increased 14% year over year. EPAM's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise being 9.9%. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. EPAM's third-quarter revenues of $1.168 billion surpassed the consensus mark by 1.39%. EPAM's top line rose 1.3% year over year, demons ...

For the quarter ended September 2024, Epam (EPAM) reported revenue of $1.17 billion, up 1.3% over the same period last year. EPS came in at $3.12, compared to $2.73 in the year-ago quarter.The reported revenue represents a surprise of +1.47% over the Zacks Consensus Estimate of $1.15 billion. With the consensus EPS estimate being $2.70, the EPS surprise was +15.56%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their nex ...

After reaching an important support level, Epam (EPAM) could be a good stock pick from a technical perspective. EPAM surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.A useful tool for traders and analysts, the 200-day simple moving average helps determine long-term market trends for stocks, commodities, indexes, and other financial instruments. It moves higher or lower in conjunction with longer-term price performance, and serves as a support or resistance level.EPAM ...

NEWTOWN, Pa., Nov. 8, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced the release of the StatGPT 2.0 Platform, created in collaboration with the International Monetary Fund (IMF) for evaluating and testing by Statistical Data and Metadata eXchange (SDMX) sponsor organizations and selected national statistical organizations. The Platform will be shown at the 2024 IMF Statistical Forum: Measuring the Implications ...

Key TakeawaysEPAM Systems shares surged nearly 15% Thursday, delivering the top daily performance in the S&P 500. The company reported third-quarter earnings that topped estimates and raised its full-year outlook.Despite Thursday's gains, shares remained lower for the year. EPAM Systems (EPAM) shares jumped close to 15% Thursday, delivering the top daily performance in the S&P 500 after the company reported earnings that topped estimates and raised its full-year outlook. EPAM posted third-quarter revenue of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |----------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------- ...

Financial Data and Key Metrics - Revenue for Q3 2024 was $1.168 billion, a year-over-year increase of 1.3% on a reported basis or 0.9% in constant currency terms [26] - GAAP gross margin for Q3 was 34.6%, compared to 31.1% in Q3 2023, benefiting from a Polish R&D incentive [32] - Non-GAAP diluted EPS was $3.12, up from $2.73 in Q3 2023, reflecting a $0.39 increase year-over-year [34] - Free cash flow reached $237 million, the highest level in the company's history [35] Business Line Performance - Financial Services revenue increased 3.3% year-over-year, driven by demand from fintech, banking, and insurance sectors [29] - Life Sciences & Healthcare delivered strong year-over-year growth of 14.6%, driven by clients in life sciences, pharmaceuticals, and med-tech [29] - Consumer Goods, Retail, and Travel decreased 4.5% year-over-year, with declines in consumer products and retail partially offset by growth in travel [30] - Software and Hi-Tech grew 2.1% year-over-year, while Business Information and Media declined 9% [30] Market Performance - Americas, representing 60% of Q3 revenues, grew 2.9% year-over-year [30] - EMEA, representing 38% of Q3 revenues, contracted 0.3% year-over-year but showed signs of stabilization with sequential growth [30] - APAC increased 1.8% year-over-year and now represents 2% of revenues [30] Strategic Direction and Industry Competition - The acquisition of NEORIS provides entry into Latin America and parts of Europe, accelerates growth opportunities, and strengthens local and near-shore value propositions [7] - The company is focusing on Gen AI initiatives, with 70% of top 100 clients engaged in various Gen AI projects [20] - EPAM is expanding its global delivery hubs, including significant growth in India and Latin America, with plans to reach 10,000 employees in India by early 2025 [14][15] Management Commentary on Operating Environment and Future Outlook - Management noted a more positive demand sentiment compared to 90 days ago, with clients showing increased willingness to invest in technology-led optimization and transformation programs [10] - The company remains optimistic about certain sectors and expects a return to higher growth levels in the coming quarters, despite ongoing caution and delayed decision-making in some areas [11] - EPAM is strategically investing in capabilities to capture market share as global demand returns [11] Other Important Information - The company recognized a $52 million benefit from a Polish government incentive program, improving GAAP gross margin and IFO by 450 basis points [27] - EPAM expects further benefits from the Polish R&D incentive in Q4 2024 and beyond, with an estimated $9 million benefit in Q4 [28] - The company ended Q3 with 47,750 consultants, designers, engineers, and architects, a decline of 1.5% year-over-year but a sequential increase of 750 employees [36] Q&A Session Summary Question: What areas are leading the recovery in client behavior? - Financial Services, Hi-Tech, and Life Sciences & Healthcare are showing improvement, with clients beginning to recognize the need to invest again [44] Question: How will the Poland R&D incentive impact future margins and tax rates? - The $29 million benefit in Q3 and an expected $9 million in Q4 will positively impact gross margins, but wage inflation and pricing challenges may pressure profitability in 2025 [45][46] Question: What is the outlook for revenue per head and hiring in Europe? - The company expects headcount growth in Q4, with hiring broadening globally, including in Eastern Europe and Western Asia [49] Question: What is the organic growth profile of NEORIS and its client concentration? - NEORIS is expected to contribute $54 million in Q4, with CEMEX being a significant but not majority customer [82][83] Question: How is employee productivity in new regions like LatAm and India? - Productivity in LatAm is expected to be comparable to other regions, with further assessments to be made in the coming quarters [87] Question: What is the outlook for organic revenue growth in 2025? - The company expects to return to organic revenue growth in 2025, though the extent of growth will depend on demand conditions [80]

Epam (EPAM) came out with quarterly earnings of $3.12 per share, beating the Zacks Consensus Estimate of $2.70 per share. This compares to earnings of $2.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.56%. A quarter ago, it was expected that this information technology services provider would post earnings of $2.26 per share when it actually produced earnings of $2.45, delivering a surprise of 8.41%.Over the last four q ...

Third quarter revenues of $1.168 billion, up 1.3% year-over-year GAAP income from operations was 15.2% of revenues and non-GAAP income from operations was 19.1% of revenues for the third quarter Third quarter GAAP diluted EPS of $2.37, an increase of $0.72, and non-GAAP diluted EPS of $3.12, an increase of $0.39 on a year-over-year basis For the full year, EPAM increases expected range for revenues to now be $4.685 billion to $4.695 billion, increases expected GAAP diluted EPS to now be in the range of $7 ...