EPAM Systems Inc (EPAM) Q2 2024 Earnings Report Preview: What To Expect

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EPAM Systems Inc (EPAM, Financial) is set to release its Q2 2024 earnings on Aug 8, 2024. The consensus estimate for Q2 2024 revenue is $1.14 billion, and the earnings are expected to come in at $1.58 per share. The full year 2024's revenue is expected to be $4.62 billion and the earnings are expected to be $7.4 per share. More detailed estimate data can be found on the Estimates page.

EPAM Systems Inc (EPAM, Financial) Estimates Trends

Revenue estimates for EPAM Systems Inc (EPAM) have declined from $4.80 billion to $4.62 billion for the full year 2024 and from $5.43 billion to $4.95 billion for 2025 over the past 90 days. Earnings estimates for EPAM Systems Inc (EPAM) have increased from $7.35 per share to $7.4 per share for the full year 2024 and declined from $8.94 per share to $8.35 per share for 2025 over the past 90 days.

EPAM Systems Inc (EPAM, Financial) Reported History

In the previous quarter of March 31, 2024, EPAM Systems Inc's (EPAM) actual revenue was $1.17 billion, which beat analysts' revenue expectations of $1.16 billion by 0.34%. EPAM Systems Inc's (EPAM) actual earnings were $1.97 per share, which beat analysts' earnings expectations of $1.78 per share by 10.61%. After releasing the results, EPAM Systems Inc (EPAM) was up by 0.81% in one day.

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EPAM Systems Inc (EPAM, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 19 analysts, the average target price for EPAM Systems Inc (EPAM) is $223.94 with a high estimate of $280 and a low estimate of $194.93. The average target implies an upside of 8.36% from the current price of $206.66.

Based on GuruFocus estimates, the estimated GF Value for EPAM Systems Inc (EPAM, Financial) in one year is $353.89, suggesting an upside of 71.24% from the current price of $206.66.

Based on the consensus recommendation from 23 brokerage firms, EPAM Systems Inc's (EPAM, Financial) average brokerage recommendation is currently 2.4, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.