EPAM Systems Forecasts Revenue Growth and Beats Q4 Earnings Estimates
Amid strong demand for AI-linked applications, EPAM Systems projects an optimistic revenue outlook and surpasses fourth-quarter financial expectations.
- EPAM Systems reports a 6.0% year-on-year sales decline in Q4 but beats analyst consensus with $1.16 billion in revenue.
- Adjusted EPS for Q4 stands at $2.75, exceeding the consensus estimate of $2.50.
- For Q1, EPAM forecasts revenue between $1.155 billion and $1.17 billion, surpassing analyst expectations.
- The company anticipates 2024 revenue growth of 1% to 4%, with adjusted EPS projected between $10.00 and $10.40.
- Analysts respond positively, with Piper Sandler and Needham raising their price targets on EPAM shares.
Benzinga 
CNA 