Epam (EPAM) Stock Moves -0.98%: What You Should Know
Epam (EPAM) closed at $326.94 in the latest trading session, marking a -0.98% move from the prior day. This change was narrower than the S&P 500's 2.37% loss on the day. Elsewhere, the Dow lost 1.35%, while the tech-heavy Nasdaq lost 0.24%.
Coming into today, shares of the information technology services provider had lost 20.06% in the past month. In that same time, the Computer and Technology sector lost 9.03%, while the S&P 500 lost 6.51%.
Epam will be looking to display strength as it nears its next earnings release, which is expected to be November 3, 2022. The company is expected to report EPS of $2.52, up 4.13% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.22 billion, up 23.76% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $9.98 per share and revenue of $4.88 billion, which would represent changes of +10.28% and +29.74%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Epam. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.28% higher. Epam is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Epam is currently trading at a Forward P/E ratio of 33.08. This valuation marks a premium compared to its industry's average Forward P/E of 20.56.
We can also see that EPAM currently has a PEG ratio of 1.67. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computers - IT Services industry currently had an average PEG ratio of 1.07 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 90, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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