NYSE$EPAM
EPAM Systems Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
EPAM's results for Q3 2024 were announced, with revenues up 1.3% year-over-year and increased full-year outlook.
EPAM reported a revenue increase of 1.3% year-over-year, reaching $1.168 billion in Q3 2024. The company's GAAP diluted EPS was $2.37, and non-GAAP diluted EPS was $3.12. EPAM has raised its full-year outlook for revenues and EPS.
- Revenues increased to $1.168 billion, up 1.3% year-over-year.
- GAAP income from operations was 15.2% of revenues, and non-GAAP income from operations was 19.1% of revenues.
- GAAP diluted EPS was $2.37, an increase of $0.72 year-over-year.
- Non-GAAP diluted EPS was $3.12, an increase of $0.39 year-over-year.
Headline financials
Revenue & EPS history
EPAM · Revenue · Quarterly
$1.17B
Forward guidance
EPAM expects revenues for the fourth quarter to be in the range of $1.205 billion to $1.215 billion, with GAAP diluted EPS in the range of $1.73 to $1.81 and non-GAAP diluted EPS in the range of $2.70 to $2.78.
Tailwinds
- Revenue expected to be between $1.205 billion and $1.215 billion.
- Year-over-year revenue growth of 4.6% at the midpoint of the range.
- GAAP diluted EPS expected to be between $1.73 and $1.81.
- Non-GAAP diluted EPS expected to be between $2.70 and $2.78.
- Inorganic revenue contribution of 5.7%, with 4.7% from NEORIS.
Headwinds
- Organic constant currency revenue excluding the impact of the exit from Russia is expected to decline 1.5% at the midpoint of the range.
- GAAP effective tax rate expected to be approximately 26%.
- Non-GAAP effective tax rate expected to be approximately 24%.
- Potential future one-time charges including asset impairments.
- Expenses incurred in connection with future cost optimization actions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+1.0%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+1.5%
Avg return
30 days after
58%
33 / 57 earnings
Positive
+15.5%
Q2 2022
Best reaction
-26.4%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | -11.1% | -8.3% | |
| Q4 2025 | -17.9% | -23.2% | -18.0% | |
| Q3 2025 | +4.4% | +12.0% | +26.5% | |
| Q1 2025 | +12.9% | +17.4% | +11.9% | |
| Q4 2024 | -12.8% | -18.4% | -32.1% | |
| Q3 2024 | +15.2% | +21.2% | +21.1% | |
| Q2 2024 | -7.2% | -5.4% | -1.6% | |
| Q1 2024 | -26.4% | -24.9% | -29.0% | |
| Q4 2023 | +12.2% | +7.1% | +7.5% | |
| Q3 2023 | +11.1% | +12.9% | +19.5% | |
| Q2 2023 | +4.3% | +2.8% | +9.1% | |
| Q1 2023 | -14.3% | -14.1% | -4.0% | |
| Q4 2022 | -7.7% | -11.8% | -23.7% | |
| Q3 2022 | -4.4% | -2.2% | +13.1% | |
| Q2 2022 | +15.5% | +13.4% | +11.4% | |
| Q1 2022 | +11.0% | +2.2% | +6.3% | |
| Q4 2021 | -1.6% | -5.0% | -34.6% | |
| Q3 2021 | +3.7% | +5.5% | -12.2% | |
| Q2 2021 | +5.1% | +6.2% | +13.1% | |
| Q1 2021 | -0.2% | -1.6% | +4.6% | |
| Q4 2020 | -4.0% | -5.1% | -3.1% | |
| Q3 2020 | +4.1% | -4.9% | -1.2% | |
| Q2 2020 | +1.3% | +0.6% | +7.5% | |
| Q1 2020 | +0.1% | -0.8% | +6.8% | |
| Q4 2019 | -3.6% | -9.6% | -30.0% | |
| Q3 2019 | +6.1% | +11.9% | +17.7% | |
| Q2 2019 | +3.8% | +5.5% | +7.3% | |
| Q1 2019 | +0.4% | -1.2% | +3.7% | |
| Q4 2018 | +3.4% | +4.1% | +13.3% | |
| Q3 2018 | +5.7% | +4.6% | +9.0% | |
| Q2 2018 | -4.9% | -0.2% | +8.7% | |
| Q1 2018 | +9.6% | +7.4% | +6.8% | |
| Q4 2017 | +1.4% | +0.7% | +6.1% | |
| Q3 2017 | +10.0% | +11.2% | +9.3% | |
| Q2 2017 | -1.3% | -3.2% | -2.9% | |
| Q1 2017 | +3.5% | +3.7% | +10.0% | |
| Q4 2016 | +4.3% | +7.1% | +7.7% | |
| Q3 2016 | -1.6% | +1.6% | +1.2% | |
| Q2 2016 | -5.0% | -4.9% | +0.8% | |
| Q1 2016 | +0.5% | — | — | |
| Q4 2015 | +8.7% | — | — | |
| Q3 2015 | -8.9% | — | — | |
| Q2 2015 | -5.0% | — | — | |
| Q1 2015 | -0.8% | — | — | |
| Q4 2014 | +6.9% | — | — | |
| Q3 2014 | -2.4% | — | — | |
| Q2 2014 | +5.1% | — | — | |
| Q1 2014 | +6.3% | — | — | |
| Q4 2013 | -7.6% | — | — | |
| Q3 2013 | -1.5% | — | — | |
| Q2 2013 | +7.1% | — | — | |
| Q1 2013 | -0.1% | — | — | |
| Q4 2012 | +4.4% | — | — | |
| Q3 2012 | +8.1% | — | — | |
| Q2 2012 | +4.4% | — | — | |
| Q1 2012 | -11.8% | — | — | |
| Q4 2011 | +8.0% | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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