Why EPAM Systems Shares Are Slumping Today
Why EPAM Systems Shares Are Slumping Today
爲甚麼 EPAM Systems 股價今天暴跌
- 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 由於短期需求環境疲軟，紐約證券交易所代碼：EPAM）股價週一暴跌，此前該公司下調了第二季度和2023年全年的財務前景。
- 在仔細評估了該公司5月和6月預測數據的變化之後，EPAM也發現管道總量有所減少。
- 鑑於需求環境的持續不確定性，該公司預計第二季度收入爲11.60億至11.70億美元，而之前的預期爲11.95億至12.05億美元。這反映出該區間中點同比下降2.5％。街景價值爲12.0億美元。
- EPAM現在預計第二季度非公認會計准則每股收益爲2.33-2.40美元，而之前的預期爲2.38-2.46美元。街景價格固定爲2.41美元。
- 由於客戶開始謹慎消費，特別是在全球IT服務市場的 “建造” 領域，該公司的渠道轉換速度有所放緩。
- 全年收入預計爲46.5億美元至48.00億美元，而之前的預測爲49.50億至50億美元。這反映出該區間中點同比下降了2％。街景定爲49.6億美元。
- EPAM預計，非公認會計准則每股收益爲9.80-10.20美元（共識爲10.72美元），而今年早些時候的預期爲10.60美元至10.80美元。
- 從積極的方面來看，EPAM對獲取新徽標的步伐加快以及持續較高的客戶保留率和滿意度感到鼓舞。
- EPAM首席執行官兼總裁Arkadiy Dobkin表示：“一旦行業需求恢復，EPAM將利用我們獨特且全球認可的工程和轉型能力，再次爲長期增長做好準備。”
- 價格走勢： 在週一的最後一次盤前交易中，EPAM股價下跌14.12％，至223.00美元。
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