EPAM Systems (EPAM) Expected to Announce Earnings on Thursday

EPAM Systems (NYSE:EPAM - Get Free Report) is expected to be posting its Q4 2024 quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect EPAM Systems to post earnings of $2.75 per share and revenue of $1.21 billion for the quarter. EPAM Systems has set its FY 2025 guidance at 10.450-10.750 EPS and its Q1 2025 guidance at 2.220-2.320 EPS.Individual interested in registering for the company's earnings conference call can do so using this link.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52). The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a return on equity of 14.92% and a net margin of 9.68%. On average, analysts expect EPAM Systems to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

EPAM Systems Stock Down 7.2 %

Shares of NYSE EPAM traded down $16.09 during trading hours on Friday, hitting $208.98. 1,694,396 shares of the stock were exchanged, compared to its average volume of 603,753. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. The company has a market cap of $11.85 billion, a PE ratio of 27.14, a PEG ratio of 3.88 and a beta of 1.51. The firm has a fifty day moving average price of $243.56 and a 200-day moving average price of $222.23. EPAM Systems has a 12 month low of $169.43 and a 12 month high of $317.50.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Needham & Company LLC reiterated a "buy" rating and set a $265.00 price objective on shares of EPAM Systems in a research note on Thursday. Scotiabank raised shares of EPAM Systems from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $245.00 to $275.00 in a research report on Monday, November 11th. Itau BBA Securities raised shares of EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 target price on the stock in a research report on Friday, November 8th. The Goldman Sachs Group raised shares of EPAM Systems from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Finally, Citigroup boosted their target price on shares of EPAM Systems from $207.00 to $210.00 and gave the stock a "neutral" rating in a research report on Monday, October 28th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $269.83.

Insider Buying and Selling

In related news, CFO Jason D. Peterson sold 464 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total transaction of $119,248.00. Following the sale, the chief financial officer now directly owns 24,372 shares of the company's stock, valued at approximately $6,263,604. This represents a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the sale, the senior vice president now directly owns 13,000 shares in the company, valued at $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,300 shares of company stock valued at $2,129,924. Corporate insiders own 4.30% of the company's stock.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.