Zacks Research Lifts Earnings Estimates for EPAM Systems

EPAM Systems, Inc. (NYSE:EPAM) – Equities researchers at Zacks Research boosted their FY2026 earnings per share estimates for EPAM Systems in a report released on Thursday, August 27th. Zacks Research analyst Team now anticipates that the information technology services provider will earn $10.44 per share for the year, up from their prior forecast of $10.30. The consensus estimate for EPAM Systems’ current full-year earnings is $10.48 per share. Zacks Research also issued estimates for EPAM Systems’ Q4 2026 earnings at $2.81 EPS, Q1 2027 earnings at $2.38 EPS, Q4 2027 earnings at $2.97 EPS, FY2027 earnings at $10.96 EPS, Q1 2028 earnings at $2.81 EPS, Q2 2028 earnings at $2.94 EPS and FY2028 earnings at $11.82 EPS.

A number of other research analysts have also weighed in on the stock. Susquehanna cut their target price on shares of EPAM Systems from $167.00 to $146.00 and set a “positive” rating for the company in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $85.00 price target on shares of EPAM Systems in a research report on Friday, July 10th. William Blair lowered EPAM Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 6th. TD Cowen cut their price objective on EPAM Systems from $131.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, Citigroup decreased their target price on EPAM Systems from $112.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $116.47.

EPAM Systems Stock Performance

NYSE:EPAM opened at $117.90 on Tuesday. EPAM Systems has a 1 year low of $73.06 and a 1 year high of $222.53. The firm’s fifty day simple moving average is $95.51 and its 200 day simple moving average is $112.27. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $6.08 billion, a PE ratio of 15.98, a PEG ratio of 1.18 and a beta of 1.39.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 EPS 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 company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the firm posted $2.77 earnings per share. The company’s quarterly revenue 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.

Institutional Trading of EPAM Systems

Several hedge funds and other institutional investors have recently bought and sold shares of EPAM. Van Berkom & Associates Inc. raised its holdings in EPAM Systems by 14.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 423,510 shares of the information technology services provider’s stock valued at $86,769,000 after acquiring an additional 54,075 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of EPAM Systems by 7.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 348,586 shares of the information technology services provider’s stock worth $47,199,000 after acquiring an additional 25,152 shares during the period. Bank Hapoalim BM acquired a new stake in shares of EPAM Systems during the 2nd quarter worth approximately $1,491,000. Bank of America Corp DE increased its position in shares of EPAM Systems by 15.9% during the first quarter. Bank of America Corp DE now owns 624,699 shares of the information technology services provider’s stock valued at $84,584,000 after purchasing an additional 85,480 shares during the period. Finally, Lazard Asset Management LLC increased its position in shares of EPAM Systems by 82.2% during the first quarter. Lazard Asset Management LLC now owns 39,326 shares of the information technology services provider’s stock valued at $5,325,000 after purchasing an additional 17,737 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting EPAM Systems

Here are the key news stories impacting EPAM Systems this week:

• Positive Sentiment: Activist investor Engine Capital is pushing EPAM to authorize share repurchases or begin a sales process. Buybacks could support earnings per share and the stock, while a potential sale could create a takeover premium. EPAM Systems gains as activist Engine Capital pushes for buybacks, sales process
• Positive Sentiment: EPAM joined the Wiz Partner Alliance to expand cloud-security remediation services. The partnership may strengthen EPAM’s cybersecurity capabilities and create additional demand for its consulting and technology services. EPAM Joins Wiz Partner Alliance to Advance Cloud Security Remediation
• Neutral Sentiment: Zacks Research slightly raised its FY2026 EPS forecast to $10.44 from $10.30, close to the broader consensus estimate of $10.48. This modest upgrade offers limited fundamental support.
• Negative Sentiment: Zacks reduced estimates for several later periods, including Q4 2026 EPS to $2.81 from $2.91, FY2027 EPS to $10.96 from $11.17, and FY2028 EPS to $11.82 from $12.21. It also lowered forecasts for Q1 2027, Q4 2027, Q1 2028 and Q2 2028, signaling weaker anticipated earnings momentum. Zacks Research Predicts Weaker Earnings for EPAM Systems

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.