Zacks Research Reduces Earnings Estimates for EPAM Systems

Posted by Francis Steltz on Sep 2nd, 2026

EPAM Systems, Inc. (NYSE:EPAM – Free Report) – Research analysts at Zacks Research decreased their Q3 2026 earnings estimates for EPAM Systems in a note issued to investors on Thursday, August 27th. Zacks Research analyst Team now forecasts that the information technology services provider will post earnings of $2.77 per share for the quarter, down from their prior estimate of $2.81. The consensus estimate for EPAM Systems’ current full-year earnings is $10.47 per share. Zacks Research also issued estimates for EPAM Systems’ Q2 2027 earnings at $2.70 EPS and Q3 2027 earnings at $2.90 EPS.

EPAM Systems (NYSE:EPAM – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.22. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.41 billion. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business earned $2.77 EPS. 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.

EPAM has been the subject of several other research reports. JPMorgan Chase & Co. lowered EPAM Systems from an “overweight” rating to a “neutral” rating and set a $120.00 price objective for the company. in a report on Wednesday, August 26th. Jefferies Financial Group lowered EPAM Systems from a “buy” rating to a “hold” rating and reduced their target price for the company from $130.00 to $110.00 in a research report on Friday, May 29th. Citigroup decreased their price target 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. Truist Financial lowered their price target on EPAM Systems from $112.00 to $110.00 and set a “hold” rating for the company in a report on Friday, August 7th. Finally, William Blair downgraded shares of EPAM Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, August 6th. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, EPAM Systems has a consensus rating of “Hold” and an average target price of $116.47.

Check Out Our Latest Stock Report on EPAM Systems

EPAM Systems Price Performance

NYSE EPAM opened at $116.52 on Monday. The firm’s fifty day simple moving average is $96.31 and its two-hundred day simple moving average is $111.83. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.01. EPAM Systems has a 12-month low of $73.06 and a 12-month high of $222.53. The firm has a market capitalization of $6.01 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.21 and a beta of 1.38.

Institutional Trading of EPAM Systems

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in EPAM Systems in the second quarter valued at $526,684,000. California State Teachers Retirement System lifted its holdings in shares of EPAM Systems by 7,210.2% in the 2nd quarter. California State Teachers Retirement System now owns 4,702,202 shares of the information technology services provider’s stock valued at $373,120,000 after buying an additional 4,637,878 shares during the period. Capital World Investors boosted its stake in shares of EPAM Systems by 59.4% in the fourth quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock worth $753,874,000 after buying an additional 1,371,557 shares during the last quarter. Boston Partners purchased a new stake in shares of EPAM Systems in the fourth quarter worth about $349,428,000. Finally, JPMorgan Chase & Co. raised its position in EPAM Systems by 56.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock valued at $235,188,000 after acquiring an additional 416,324 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Key Headlines Impacting EPAM Systems

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

Positive Sentiment: Activist investor Engine Capital is urging EPAM Systems to consider share buybacks or explore a sale of the company. The campaign could increase pressure on management to improve shareholder returns, pursue strategic alternatives, or unlock value if the stock is viewed as undervalued after its decline from the 52-week high. 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 offerings and support future demand, although the report did not disclose a material contract or financial contribution. EPAM Joins Wiz Partner Alliance to Advance Cloud Security Remediation
Negative Sentiment: Zacks Research reduced its EPS forecasts for nearly every reported future period, including Q4 2026 to $2.81 from $2.91, FY2027 to $10.96 from $11.17, and FY2028 to $11.82 from $12.21. It also lowered estimates for Q1 2027, Q4 2027, Q1 2028, and Q2 2028. These cuts suggest analysts see somewhat weaker profitability or demand than previously expected and may weigh on the shares, despite the FY2026 estimate rising modestly to $10.44 from $10.30. Zacks Research Predicts Weaker Earnings for EPAM Systems

EPAM Systems Company Profile

(Get Free Report)

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.