- Epam Systems anticipates an adjusted EPS of $2.26 to $2.34 in the first quarter.
- The company expects revenue to be between $1.16 billion and $1.17 billion.
- Fourth quarter results show an adjusted EPS of $2.75, down from $2.93 year over year.
- Revenue in the fourth quarter was $1.16 billion, a 6% decrease year over year.
- Epam Systems predicts a year-over-year revenue growth rate of 1% to 4% for 2024.
- The company forecasts GAAP income from operations to be between 9.5% and 10.5% of revenues for the full year.
- Non-GAAP income from operations is expected to be between 14.5% and 15.5% of revenues.
- GAAP diluted EPS is projected to be in the range of $7.20 to $7.60 for the year.
- Non-GAAP diluted EPS is expected to be between $10.00 and $10.40 for the year.
- The company anticipates first quarter revenues to be between $1.155 billion and $1.165 billion, reflecting a year-over-year decline of 4% at the midpoint of the range.
Epam Systems on Smartkarma
Epam Systems, a leading provider of cloud solutions, has been receiving positive coverage from top independent analysts on Smartkarma, an independent investment research network. According to Baptista Research, EPAM Systems delivered an all-around beat in the previous quarter, despite an approximate 50 basis point negative impact on year-over-year revenue growth due to their exit from the Russian market. The company saw a decrease in financial services, driven by declines in banking, but offset partially by asset management growth.
In another report by Baptista Research, EPAM Systems managed to exceed analyst expectations in terms of revenue and earnings. The company reported a revenue of $1.17 billion, a 2.1% year-over-year decline on a reported basis, and a 2.4% year-over-year decline in constant currency terms. The decline was mainly due to decreases in travel and consumer sectors, with retail seeing a decrease but partially offset by strong growth in travel and hospitality. Baptista Research also conducted a fundamental analysis of the company’s historical financial statements in their report.
A look at Epam Systems Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
EPAM Systems, Inc. is a company that offers various software development and outsourcing services, as well as solutions for e-business, enterprise relationship management, and content management. Their long-term outlook, based on the Smartkarma Smart Scores, looks promising. EPAM scored a 2 out of 5 for value, indicating that the company may have room for growth and potential for a good return on investment. However, their dividend score is lower at 1 out of 5, suggesting that the company may not be a strong option for those seeking regular dividend payments.
The company’s growth, resilience, and momentum scores all received a 4 out of 5, which is a positive sign for EPAM Systems. This means that the company is expected to have strong growth potential, the ability to withstand market challenges, and a positive momentum in the market. Overall, the Smartkarma Smart Scores indicate a positive outlook for EPAM Systems, making it a company to watch in the long-term for potential growth and success in the software development industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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