Core Viewpoint - Grid Dynamics (GDYN) is currently rated as a Zacks Rank 5 (Strong Sell) despite having recently posted earnings that met expectations, indicating underlying issues with earnings estimates and market sentiment [1][6]. Company Overview - Grid Dynamics Holdings, Inc. specializes in technology consulting, platform and product engineering, and advanced analytics services, operating in the United States, United Kingdom, Netherlands, and other regions. The company was founded in 2006 and is headquartered in San Ramon, CA [2]. Earnings History - The company has beaten the Zacks Consensus Estimate in two of the last four quarters, with the other two quarters resulting in meeting earnings estimates. However, this performance alone does not justify a strong buy or sell rating [4][5]. Earnings Estimates - Recent trends show a decline in annual earnings estimates for Grid Dynamics, with the current fiscal year consensus dropping from $0.46 to $0.39 and the next fiscal year estimate decreasing from $0.52 to $0.45 over the past 90 days. This negative movement in earnings estimates is a significant factor contributing to the stock's Zacks Rank of 5 (Strong Sell) [6]. Market Context - A broader trend within the Zacks universe indicates that many stocks are experiencing negative earnings estimate revisions, which is leading to a rise in the number of stocks falling to a Zacks Rank 5 (Strong Sell) [7].