EPAM Systems Inc (NYSE: EPAM) has reported earnings for its third fiscal quarter (ending September 30) of $2.40 versus $1.68 for the same period a year ago — an increase of 43%. For the latest four quarters through September 30, E.P.S. were $7.80 versus $8.21 for the same period a year ago — a decline of -5%.
Recent Price Action
On 11/7/24, EPAM Systems Inc (NYSE: EPAM) stock enjoyed a major increase of 14.9%, closing at $232.92. Moreover, trading volume in this advance was exceptionally high at 224% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 23.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, EPAM is expected to continue to be an important Value Builder.
EPAM Systems has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. EPAM Systems has a slightly positive Appreciation Score of 62 but a slightly negative Power Rating of 32, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment