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Epam (EPAM) Outpaces Stock Market Gains: What You Should Know

Zacks Equity Research
·3 min read

Epam (EPAM) closed the most recent trading day at $543.06, moving +0.45% from the previous trading session. This change outpaced the S&P 500's 0.08% gain on the day. Elsewhere, the Dow lost 0.56%, while the tech-heavy Nasdaq lost 0.42%.

Coming into today, shares of the information technology services provider had lost 14.96% in the past month. In that same time, the Computer and Technology sector lost 5.11%, while the S&P 500 gained 0.22%.

Wall Street will be looking for positivity from Epam as it approaches its next earnings report date. The company is expected to report EPS of $2.50, up 38.12% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.08 billion, up 49.88% from the year-ago period.

Any recent changes to analyst estimates for Epam should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

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Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Epam is currently sporting a Zacks Rank of #3 (Hold).

Looking at its valuation, Epam is holding a Forward P/E ratio of 48.37. This represents a premium compared to its industry's average Forward P/E of 30.26.

It is also worth noting that EPAM currently has a PEG ratio of 1.73. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. EPAM's industry had an average PEG ratio of 1.46 as of yesterday's close.

The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 106, putting it in the top 42% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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