Why EPAM Systems Shares Are Slumping Today
Why EPAM Systems Shares Are Slumping Today
为什么 EPAM Systems 股价今天暴跌
- EPAM Systems, Inc. (NYSE:EPAM) shares are plummeting Monday after slashing its second quarter and full year 2023 financial outlook due to sluggishness in the near-term demand environment.
- After careful assessment of changes in the company's May and June forecast data, EPAM has also seen a reduction in the total pipeline.
- Given the continued uncertainty in the demand environment, the company sees second-quarter revenues of $1.160 billion-$1.170 billion, compared with prior guidance of $1.195 billion-$1.205 billion. This reflects a year-over-year decrease of 2.5% at the midpoint of the range. The Street view stands at $1.20 billion.
- EPAM now expects Q2 non-GAAP EPS of $2.33-$2.40, compared with prior guidance of $2.38-$2.46. The Street view is pegged at $2.41.
- The company has been seeing slower pipeline conversions as its clients have become spending cautiously, specifically in the 'build' segment of the global IT services market.
- For the full year, revenues are expected to be $4.650 billion-$4.800 billion, compared with the prior forecast of $4.950 billion-$5 billion. This reflects a year-over-year decrease of 2% at the midpoint of the range. The street view is pegged at $4.96 billion.
- EPAM expects non-GAAP EPS to be $9.80-$10.20 (consensus $10.72), compared with the earlier outlook of $10.60-$10.80 for the year.
- On the positive side, EPAM is encouraged by the increasing pace of new logo acquisition and continued high customer retention and satisfaction rates.
- "Once industry demand returns, EPAM will once again be well positioned for long-term growth by leveraging our unique and globally recognized engineering and transformation capabilities," said Arkadiy Dobkin, CEO & President of EPAM.
- Price Action: EPAM shares are trading lower by 14.12% to $223.00 in the premarket session on the last check Monday.
- EPAM Systems, Inc 由于短期需求环境疲软，纽约证券交易所代码：EPAM）股价周一暴跌，此前该公司下调了第二季度和2023年全年的财务前景。
- 在仔细评估了该公司5月和6月预测数据的变化之后，EPAM也发现管道总量有所减少。
- 鉴于需求环境的持续不确定性，该公司预计第二季度收入为11.60亿至11.70亿美元，而之前的预期为11.95亿至12.05亿美元。这反映出该区间中点同比下降2.5％。街景价值为12.0亿美元。
- EPAM现在预计第二季度非公认会计准则每股收益为2.33-2.40美元，而之前的预期为2.38-2.46美元。街景价格固定为2.41美元。
- 由于客户开始谨慎消费，特别是在全球IT服务市场的 “建造” 领域，该公司的渠道转换速度有所放缓。
- 全年收入预计为46.5亿美元至48.00亿美元，而之前的预测为49.50亿至50亿美元。这反映出该区间中点同比下降了2％。街景定为49.6亿美元。
- EPAM预计，非公认会计准则每股收益为9.80-10.20美元（共识为10.72美元），而今年早些时候的预期为10.60美元至10.80美元。
- 从积极的方面来看，EPAM对获取新徽标的步伐加快以及持续较高的客户保留率和满意度感到鼓舞。
- EPAM首席执行官兼总裁Arkadiy Dobkin表示：“一旦行业需求恢复，EPAM将利用我们独特且全球认可的工程和转型能力，再次为长期增长做好准备。”
- 价格走势： 在周一的最后一次盘前交易中，EPAM股价下跌14.12％，至223.00美元。
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