EPAM Systems Expects Q3 Revenue $1.140B-$1.150B Vs $1.16B Est, Adj EPS $2.52-$2.60 Vs $2.49 Est; FY23 Revenue $4.65B-$4.70B (Prior $4.65B-$4.8B) Vs $4.7B Est, Adj EPS $9.90-$10.10 (Prior $9.8-$10.2) Vs $9.92 Est
Portfolio Pulse from Benzinga Newsdesk
EPAM Systems has revised its Q3 and FY23 revenue and EPS estimates. The company now expects Q3 revenue to be between $1.140B-$1.150B, compared to the previous estimate of $1.16B, and adjusted EPS to be between $2.52-$2.60, compared to the previous estimate of $2.49. For FY23, the company now expects revenue to be between $4.65B-$4.70B, compared to the previous range of $4.65B-$4.8B, and adjusted EPS to be between $9.90-$10.10, compared to the previous range of $9.8-$10.2.
August 04, 2023 | 12:45 pm
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NEGATIVE IMPACT
EPAM Systems has revised its Q3 and FY23 revenue and EPS estimates downwards. This could potentially impact the company's stock price.
EPAM Systems has revised its Q3 and FY23 revenue and EPS estimates downwards. This indicates that the company may not perform as well as previously expected, which could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100