Can Q3 Earnings Beat & Strong FY24 View Lift the EPAM Stock?

Zacks11-09

EPAM Systems EPAM reported third-quarter 2024 non-GAAP earnings of $3.12 per share, beating the Zacks Consensus Estimate by 15.5%. The bottom line increased 14% year over year.EPAM’s earnings beat the...

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The bottom line increased 14% year over year.EPAM’s earnings beat the...</p>\n\n<a href=\"https://finance.yahoo.com/news/q3-earnings-beat-strong-fy24-171700821.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can Q3 Earnings Beat & Strong FY24 View Lift the EPAM Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan Q3 Earnings Beat & Strong FY24 View Lift the EPAM Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-09 01:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/q3-earnings-beat-strong-fy24-171700821.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>EPAM Systems EPAM reported third-quarter 2024 non-GAAP earnings of $3.12 per share, beating the Zacks Consensus Estimate by 15.5%. The bottom line increased 14% year over year.EPAM’s earnings beat the...</p>\n\n<a href=\"https://finance.yahoo.com/news/q3-earnings-beat-strong-fy24-171700821.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EPAM","symbol_name":"Epam Systems","start_time":0,"source_url":"https://finance.yahoo.com/news/q3-earnings-beat-strong-fy24-171700821.html","article_id":"2482316014","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/FTDmmvXXwZgJYqwMLj_5JA--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/df4e6d08988f4278e1f1f27ae5ec3249"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482316014","pubTimestamp":1731086220,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"EPAM Systems EPAM reported third-quarter 2024 non-GAAP earnings of $3.12 per share, beating the Zacks Consensus Estimate by 15.5%. The bottom line increased 14% year over year.EPAM’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise being 9.9%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.EPAM’s third-quarter revenues of $1.168 billion surpassed the consensus mark by 1.39%.EPAM’s top line rose 1.3% year over year, demonstrating an improvement across its business segments, primarily benefiting from its latest technological innovations enabled by Gen AI.Buoyed by stronger-than-expected top and bottom-line results, EPAM raises its fourth-quarter and full-year 2024 guidance, which is expected to pull up its shares modestly. Shares of EPAM were up more than 0.89% as of pre-market data.On a year-to-date basis, shares of EPAM plunged 21.6% against the Zacks Computers - IT Services industry’s return of 14.2%.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"EPAM":"Epam Systems"},"translate_title":"第三季度盈利超出预期和强劲的2024财年前景能否提振EPAM股票？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EPAM":1},"content_text":"EPAM Systems EPAM reported third-quarter 2024 non-GAAP earnings of $3.12 per share, beating the Zacks Consensus Estimate by 15.5%. The bottom line increased 14% year over year.EPAM’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise being 9.9%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.EPAM’s third-quarter revenues of $1.168 billion surpassed the consensus mark by 1.39%. EPAM’s top line rose 1.3% year over year, demonstrating an improvement across its business segments, primarily benefiting from its latest technological innovations enabled by Gen AI.Buoyed by stronger-than-expected top and bottom-line results, EPAM raises its fourth-quarter and full-year 2024 guidance, which is expected to pull up its shares modestly. Shares of EPAM were up more than 0.89% as of pre-market data.On a year-to-date basis, shares of EPAM plunged 21.6% against the Zacks Computers - IT Services industry’s return of 14.2%.\nEPAM’s Q3 Details\nEPAM Systems’ year-over-year top-line growth was driven by the performances across its industry verticals, such as Financial Services, Software & Hi-Tech, Life Sciences and Emerging, partially offset by softness in the Business Info and Travel & Consumer.Revenues from Financial Services (21.8% of total revenues) were $255 million, up 3.3% year over year. Third-quarter revenues from Consumer Goods, Travel and Retail (21.5% of total revenues) were $251 million, down 4.5% year over year. Revenues from Software and Hi-Tech (15.2% of total revenues) in the third quarter were $178 million, up 2.1% year over year.  \n\nEPAM Systems, Inc. Price, Consensus and EPS Surprise\n  \nEPAM Systems, Inc. price-consensus-eps-surprise-chart | EPAM Systems, Inc. Quote\n\nRevenues from Life Science and Health (12.2% of total revenues) were $142 million, up 14.6% year over year. Revenues from Business Info and Media (14.4% of total revenues) were $168 million, down 9% year over year. Revenues from Emerging (14.9% of total revenues) were $174 million, up 8.5% year over year. EPAM Systems’ non-GAAP gross profit increased 5.8% year over year to $400.8 million, while the gross margin expanded 140 basis points (bps) to 34.3%.The non-GAAP operating income witnessed 14% year-over-year growth to $222.9 million. The non-GAAP operating margin expanded 210 bps to 19.1% mainly due to the recognitionof $29.1 million of incentives related to research and development activities performed in Poland in 2024.\nEPAM’s Balance Sheet & Cash Flow\nAs of Sept. 30, 2024, EPAM had cash, cash equivalents and restricted cash of $2.04 billion, higher than $1.98 billion as of June 30, 2024Long-term debt was $25.3 million as of Sept. 30, slightly lower than $25.5 million as of June 30.Cash flow from operations was $242 million, while free cash flow was $237 million. Cash provided by operating activities was $428.9 million for the first nine months of 2024.\nEPAM Raises Q4 and FY24 Guidance\nFor the fourth quarter, EPAM expects revenues to be in the band of $1.205-$1.215 billion, reflecting year-over-year growth of 4.6% at the midpoint of the range.The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $1.15 billion, suggesting a year-over-year fall of 0.2%.Non-GAAP operating margin is anticipated to be in the range of 16-17% of revenues. Non-GAAP earnings are expected between $2.70 and $2.78 for the fourth quarter.The Zacks Consensus Estimate for earnings is pegged at $2.70 per share, indicating a year-over-year decline of 1.8%.EPAM updated its guidance for full-year 2024. It now expects revenues to be in the range of $4.685-$4.695 billion, up from the previous guidance of $4.59-$4.625 billion.The Zacks Consensus Estimate for revenues is pegged at $4.62 billion, suggesting a year-over-year fall of 1.6%.Non-GAAP operating margin is expected to be in the range of 16-16.5% of revenues. Non-GAAP earnings are now expected between $10.73 and $10.81, up from the previous guidance of $10.20-$10.40 per share.The Zacks Consensus Estimate for earnings is pegged at $10.31 per share, indicating a year-over-year decline of 2.6%.\nZacks Rank & Other Stocks to Consider\nCurrently, EPAM carries a Zacks Rank #2 (Buy) at present.Shopify SHOP, Blackline BL and CyberArk Software CYBR are some other top-ranked stocks that investors can consider in the broader Zacks Computer & Technology sector. SHOP, BL and CYBR sport a Zacks Rank #1 (Strong Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.SHOP shares have appreciated 9.8% year to date. Shopify is set to report third-quarter 2024 results on Nov. 12.BL shares have lost 4.8% year to date. Blackline is slated to report third-quarter 2024 results on Nov. 7.CYBR shares have jumped 35.2% year to date. CyberArk Software is set to report third-quarter 2024 results on Nov. 13.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nEPAM Systems, Inc. (EPAM) : Free Stock Analysis Report\nCyberArk Software Ltd. (CYBR) : Free Stock Analysis Report\nShopify Inc. (SHOP) : Free Stock Analysis Report\nBlackLine (BL) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482316014"}