Epam (EPAM) came out with quarterly earnings of $2.84 per share, beating the Zacks Consensus Estimate of $2.75 per share. This compares to earnings of $2.75 per share a year ago.
EPAM Systems forecast first-quarter revenue above Wall Street expectations and beat quarterly results estimates on Thursday, driven by strong demand for its software services as businesses invest in digitizing their operations.
Beyond analysts' top -and-bottom-line estimates for Epam (EPAM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Epam (EPAM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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EPAM is rapidly expanding in the emerging AI space through partnerships and acquisitions, making it a promising player for 2025 and beyond.
IT outsourcing is a strong investment theme due to the rise of remote work and companies placing IT expenses under greater scrutiny. EPAM Systems' Q3 earnings report showed a significant EPS beat and a return to revenue growth. Cash flows from operations increased significantly, and the company holds a substantial cash reserve which can be used for share buybacks.
The Zacks Computers - IT Services Industry participants like ServiceNow (NOW), EPAM Systems (EPAM) and DXC Technology (DXC) are benefiting from ongoing digitization, strong demand for hybrid working solutions and improving IT spending.
EPAM Systems is poised for growth, leveraging AI and strategic acquisitions to enhance global presence and offset revenue losses from Russia operations. Despite geopolitical challenges and a tech consultancy slowdown, EPAM shows resilience with improving book value per share and strong financial management. EPAM's focus on AI capabilities, share buybacks, and a robust balance sheet positions it well for future growth and potential M&A activities.
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.
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Epam (EPAM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.