EPAM Sys EPAM reported its Q1 earnings results on Friday, May 5, 2023 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
EPAM Sys beat estimated earnings by 5.56%, reporting an EPS of $2.47 versus an estimate of $2.34.
Revenue was up $39.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.25 which was followed by a 2.25% drop in the share price the next day.
Here's a look at EPAM Sys's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | 2.68 | 2.53 | 1.72 | 1.74 |
EPS Actual | 2.93 | 3.10 | 2.38 | 2.49 |
Revenue Estimate | 1.23B | 1.19B | 1.12B | 1.06B |
Revenue Actual | 1.23B | 1.23B | 1.20B | 1.17B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
EPAM Sys management provided guidance for FY 2023, expecting earnings between $10.6 and $10.8 per share.
To track all earnings releases for EPAM Sys visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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