Wall Street analysts expect Epam (EPAM) to post quarterly earnings of $3.02 per share in its upcoming report, which indicates a year-over-year decline of 3.2%. Revenues are expected to be $1.37 billion, up 17.7% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Epam metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts' assessment points toward 'Revenues by Industry Verticals- Financial Services' reaching $330.03 million. The estimate points to a change of +29.6% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues by Industry Verticals- Software & Hi-Tech' will likely reach $209.85 million. The estimate suggests a change of +17.8% year over year.
Analysts predict that the 'Revenues by Industry Verticals- Life Sciences & Healthcare' will reach $163.54 million. The estimate indicates a year-over-year change of +14.9%.
Analysts forecast 'Revenues by Industry Verticals- Emerging Verticals' to reach $217.66 million. The estimate suggests a change of +25.1% year over year.
The consensus among analysts is that 'Revenues by Industry Verticals- Consumer Goods, Retail & Travelr' will reach $274.77 million. The estimate points to a change of +9.4% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenues by Contract Type- Time-and-material' should come in at $1.15 billion. The estimate points to a change of +18.6% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenues by Contract Type- Fixed-price' should arrive at $186.39 million. The estimate indicates a change of -2.7% from the prior-year quarter.
It is projected by analysts that the 'Revenues by Contract Type- Licensing and other revenues' will reach $40.51 million. The estimate points to a change of +416.3% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenues by Industry Verticals- Business Information & Media' of $179.49 million. The estimate suggests a change of +7.2% year over year.
Analysts expect 'Revenues by Customer Location- Americas' to come in at $823.87 million. The estimate indicates a change of +18.2% from the prior-year quarter.
The average prediction of analysts places 'Revenues by Customer Location- APAC' at $27.92 million. The estimate indicates a year-over-year change of +9.5%.
The consensus estimate for 'Revenues by Customer Location- EMEA' stands at $516.68 million. The estimate points to a change of +16.1% from the year-ago quarter.
View all Key Company Metrics for Epam here>>>
Epam shares have witnessed a change of +5.7% in the past month, in contrast to the Zacks S&P 500 composite's +1% move. With a Zacks Rank #3 (Hold), EPAM is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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EPAM Systems, Inc. (EPAM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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