EPAM Systems, Inc. reports results for the quarter ended September 30 - Earnings Summary

• EPAM Systems, Inc. EPAM.N reported quarterly adjusted earnings of $3.51​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $3.08. The mean expectation of eighteen analysts for the quarter was for earnings of $3.41 per share. Wall Street expected results to range from $3.27 to $3.44 per share.

• Revenue rose 2.3% to $1.43 billion from a year ago; analysts expected $1.42 billion.

• EPAM Systems, Inc.'s reported EPS for the quarter was $2.53​.

• The company reported quarterly net income of $130.31 million.

• EPAM Systems, Inc. shares had risen by 26.8% this quarter and lost 33.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for EPAM Systems, Inc. is $130.86, about 5% below its last closing price of $137.36

This summary was machine generated from LSEG data November 5 at 06:36 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)