EPAM Systems, Inc. (EPAM)
191.16 USD -17.01 (-8.17%) Volume: 2.0M
EPAM Systems, Inc.’s stock price stands at 191.16 USD, experiencing a significant drop of -8.17% this trading session with a trading volume of 2.0M. With a substantial YTD decrease of -35.71%, EPAM’s stock performance continues to be a focal point for investors.
Latest developments on EPAM Systems, Inc.
EPAM Systems reported strong Q2 earnings with revenue and EPS beating estimates, driven by the company’s expertise in GenAI technology. Despite the positive results, EPAM cut its annual revenue outlook, causing some uncertainty among investors. The stock price initially dropped after the earnings report, reflecting concerns over the revenue decrease. However, analysts remain optimistic about EPAM’s performance, with Zacks Research forecasting a positive outlook for the company’s future earnings. The market’s reaction to EPAM’s earnings highlights the importance of AI adoption in driving growth for software providers like EPAM Systems.
EPAM Systems, Inc. on Smartkarma
Analysts on Smartkarma, such as Baptista Research, have been covering Epam Systems, a global provider of digital platform engineering and software development services. In their research reports, Baptista Research highlighted the challenges faced by Epam Systems in Q1 of 2024, including a decrease in revenue and gross margin. Despite these setbacks, Baptista Research remains bullish on Epam Systems, identifying global operations refinement and rebalancing of delivery platforms as major drivers for the company’s future growth.
Furthermore, Baptista Research also delved into the impact of geopolitical factors on Epam Systems‘ performance in 2023, particularly the Russian invasion of Ukraine. Despite the disruptions caused by these events, Epam Systems demonstrated resilience and managed to navigate a volatile demand environment. Looking ahead, Baptista Research is optimistic about the company’s ability to sustain strong demand generation beyond 2023, emphasizing the importance of enhancing delivery quality and leveraging technological capabilities for future growth in the Gen AI and AI sectors.
A look at EPAM Systems, Inc. Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 3 | |
Dividend | 1 | |
Growth | 3 | |
Resilience | 4 | |
Momentum | 3 | |
OVERALL SMART SCORE | 2.8 |
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. provides a range of software development and outsourcing services. According to the Smartkarma Smart Scores, the company has a moderate value score, indicating a fair outlook in terms of its current market value. However, EPAM Systems scores low in terms of dividends, suggesting that it may not be a top choice for investors seeking regular income from their investments.
Looking ahead, EPAM Systems shows promising scores in growth, resilience, and momentum. With a solid growth score, the company is expected to expand and develop over the long term. Its high resilience score indicates that it is well-equipped to weather economic uncertainties. Additionally, a decent momentum score suggests that the company is on a positive trajectory. Overall, EPAM Systems appears to have a favorable long-term outlook based on the Smartkarma Smart Scores.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars