EPAM Systems Q3 EPS Forecast Decreased by Zacks Research

Key Points

• Zacks Research lowered EPAM Systems’ Q3 2026 EPS forecast to $2.77 from $2.81, while the consensus full-year estimate stands at $10.48 per share.
• EPAM’s latest quarterly results exceeded expectations, with EPS of $3.38 versus the $3.16 consensus and revenue of $1.41 billion, up 4.6% year over year.
• Analyst sentiment is mixed: MarketBeat reports a consensus “Hold” rating and average price target of $116.47, while institutional investors own 91.58% of the company.

EPAM Systems, Inc. (NYSE:EPAM - Free Report) - Equities researchers at Zacks Research lowered their Q3 2026 earnings estimates for EPAM Systems in a research note issued to investors on Thursday, August 27th. Zacks Research analyst Team now anticipates that the information technology services provider will earn $2.77 per share for the quarter, down from their previous forecast of $2.81. The consensus estimate for EPAM Systems' current full-year earnings is $10.48 per share. Zacks Research also issued estimates for EPAM Systems' Q2 2027 earnings at $2.70 EPS and Q3 2027 earnings at $2.90 EPS.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share for the quarter, beating analysts' consensus estimates of $3.16 by $0.22. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business posted $2.77 earnings per share. EPAM Systems's revenue for the quarter was up 4.6% compared to the same quarter last year. EPAM Systems has set its FY 2026 guidance at 13.080-13.240 EPS and its Q3 2026 guidance at 3.380-3.460 EPS.

EPAM has been the topic of several other research reports. Morgan Stanley set a $97.00 price target on EPAM Systems in a research note on Friday, August 7th. Wedbush began coverage on EPAM Systems in a research report on Monday, June 15th. They issued a "neutral" rating and a $99.00 price objective for the company. JPMorgan Chase & Co. cut EPAM Systems from an "overweight" rating to a "neutral" rating and set a $120.00 price objective for the company. in a report on Wednesday, August 26th. William Blair downgraded shares of EPAM Systems from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 6th. Finally, Wells Fargo & Company reduced their target price on shares of EPAM Systems from $151.00 to $125.00 and set an "overweight" rating on the stock in a research note on Friday, July 10th. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $116.47.

EPAM Systems Stock Up 0.1%

NYSE EPAM opened at $114.86 on Monday. The stock has a fifty day moving average of $94.67 and a 200-day moving average of $112.78. The stock has a market capitalization of $5.93 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 1.18 and a beta of 1.39. EPAM Systems has a 52 week low of $73.06 and a 52 week high of $222.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.75 and a current ratio of 2.75.

Hedge Funds Weigh In On EPAM Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new stake in shares of EPAM Systems in the 4th quarter valued at approximately $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in EPAM Systems by 68.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider's stock valued at $1,611,000 after purchasing an additional 3,880 shares during the period. Goldman Sachs Group Inc. grew its holdings in EPAM Systems by 53.8% during the first quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider's stock valued at $56,587,000 after purchasing an additional 117,170 shares during the period. United Services Automobile Association bought a new stake in EPAM Systems in the first quarter valued at approximately $229,000. Finally, Empowered Funds LLC raised its holdings in EPAM Systems by 134.1% in the first quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider's stock worth $381,000 after purchasing an additional 1,291 shares during the period. Institutional investors own 91.58% of the company's stock.

About EPAM Systems

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM's offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.

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