EPAM Reports Strong Results for First Quarter 2021 and Raises Outlook for 2021
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EPAM Systems (EPAM) PT Raised to $546 at Stifel Following Earnings
May 6, 2021 1:29 PM EDTStifel analyst David M. Grossman raised the price target on EPAM Systems (NYSE: EPAM) to $546.00 (from $445.00) while maintaining a Buy rating.
The analyst commented, "EPAM reported a strong beat and raise this morning; however, it is trading down 2% versus the S&P500 +50bp.... More
UPDATE: EPAM Systems (EPAM) Tops Q1 EPS by 13c, Revenues Beat; Offers FY21 EPS Guidance Above Consensus, 2Q EPS/Revs. View Above Consensus
May 6, 2021 6:25 AM EDT(Updated - May 6, 2021 6:26 AM EDT)
EPAM Systems (NYSE: EPAM) reported Q1 EPS of $1.81, $0.13 better than the analyst estimate of $1.68. Revenue for the quarter came in at $780.8 million versus the consensus estimate of $764.57 million.
"Our strong start to 2021 highlights the rapid pace of digital transformation, application modernization and the need for new business models across industries," said Arkadiy Dobkin, CEO & President, EPAM. "Our global expertise in integrated consulting, software engineering, and cloud-native technology, serves as the foundation for our current and future growth. EPAM continues to attract and onboard global... More
