EPAM Systems, Inc. (NYSE:EPAM) is reporting third quarter earnings results on Thursday 5th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.47 per share.
For the full year, analysts predict revenues of $ 2623.48 million, while looking forward to income of $ 5.94 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.40 ~ $ 1.49 per share, while revenues are expected in a range of $ 633.00 million ~ $ 643.00 million
Click Here For More Historical Outlooks Of EPAM Systems, Inc.
Previous Quarter Performance
EPAM Systems, Inc. recorded income for the second quarter of $ 1.46 per share, from the revenue of $ 632.38 million. The quarterly earnings improved 14.06 percent while revenues gained 14.65 percent compared with the same quarter last year.
Street analysts expected EPAM Systems, Inc. to report income of $ 1.21 per share on revenue of $ 597.27 million for the second quarter. The bottom line results beat street analysts by $ 0.25 or 20.66 percent, at the same time, top line results outshined analysts by $ 35.11 million or 5.88 percent.
Stock Performance
Shares of EPAM Systems, Inc. traded up $ 14.74 or 4.69 percent on Wednesday, reaching $ 328.86 with volume of 595.60 thousand shares. EPAM Systems, Inc. has traded high as $ 337.89 and has cracked $ 321.86 on the downward trend
The closing price of $ 328.86, representing a 106.70 % increase from the 52 week low of $ 151.97 and a 11.88 % decrease over the 52 week high of $ 356.48.
The company has a market capital of $ 18.37 billion and is part of the Technology sector and Information Technology Services industry.
Recent Analyst recommendations
- On 13th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 390.00 target price.
- On 30th September 2020, maintained by Morgan Stanley at Overweight rating, with $ 370.00 target price.
Conference Call
EPAM Systems, Inc. will be hosting a conference call at 8:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.epam.com
EPAM Systems, Inc. provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.
