Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Grid Dynamics Holdings, Inc. (GDYN)
NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-11-05
$13.54-1.56%
Close 2026-11-05 · 1-day change
NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-11-05
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
0.53 → 0.61 EPS · FY ending Dec 31, 2027 · 4 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 6, 2026 to Nov 5, 2026: (new ÷ prior − 1). Contributor count changed from 4 to 4; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for GDYN yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Cash from operations stabilizes or grows above $8 million | The company has a strong tech focus and solid cash flow near $8 million. | Under Pressure | cash from operations falls below $7 million | Cash from operations: $16.016M FY2026-Q3; GAAP. Published target: >= $8 million. Target period is not explicitly aligned with this observation. Oct 30, 202616,016,000 USD · source valueLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Next earnings date unavailable
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a growth-oriented technology services business, with a long-term thesis tied to expanding AI work, revenue, and margins. Execution on those priorities is on track, but recent financial performance is below its industry cohort and the latest earnings miss weakened momentum.
GDYN is expensive versus peers, with valuation supported in part by expectations for future opportunity, or optionality. The expectations gap suggests those assumptions may be demanding, though the evidence rates confidence in that estimate as low; valuation is the main source of fragility.
Near-term results are mixed: the latest report was a miss, while reported AI revenue share, total revenue, gross margin, and operating income have improved across the periods provided. A guidance cut on the next call would be a meaningful negative; the stated miss probability is low, but the company’s smaller size and history of a deep miss warrant attention.
The multi-year thesis hinges on continued growth in enterprise AI adoption, revenue, and margins, alongside broader customer and industry diversification. Near term, guidance and results from technology peers matter; Fed rate cuts or stabilization among sector bellwethers could support the backdrop, while a guidance cut would weaken it.
Over the next 1 to 3 years, GDYN has evidence of execution on key growth priorities, but the latest miss, weaker momentum, high risk, and expensive valuation make the thesis fragile. The main test is whether operating progress continues without further earnings disappointment. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| A primary condition in Grid Dynamics Holdings, Inc.'s published investment case. The stated target is operating income improves toward break-even or better. |
| Improving |
| operating income remains below -$3 million or worsens |
Operating income: $9.137M FY2026-Q3; GAAP. Published target: operating income improves toward break-even or better. Target period is not explicitly aligned with this observation. Oct 30, 20269,137,000 USD · source valueLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Revenue grows to about $450 million in 2026 | Grid Dynamics grows revenue about 11% yearly, backed by new AI services. | Intact | revenue falls below $435 million in FY26 | Revenue: $114.294M FY2026-Q3; GAAP. Published target: ~$450 million. Annual target cannot be compared with a quarterly or TTM observation. Oct 30, 2026114,294,000 USD · source valueLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$0.51 → $0.61 · observed estimates
$0.48B → $0.48B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $0.51 | $482,777,800 | 3 / 4 |
| 2026-07-25 | $0.51 | $482,839,560 | 5 / 5 |
| 2026-07-26 | $0.51 | $482,839,560 | 5 / 5 |
| 2026-07-27 | $0.51 | $482,839,560 | 5 / 5 |
| 2026-07-28 | $0.51 | $482,777,800 | 3 / 4 |
| 2026-07-29 | $0.51 | $482,777,800 | 3 / 4 |
| 2026-07-30 | $0.51 | $482,839,560 | 5 / 5 |
| 2026-07-31 | $0.51 | $482,839,560 | 5 / 5 |
| 2026-08-01 | $0.52 | $482,817,800 | 3 / 4 |
| 2026-08-02 | $0.52 | $478,622,400 | 3 / 4 |
| 2026-08-03 | $0.52 | $478,622,400 | 3 / 4 |
| 2026-08-04 | $0.52 | $478,589,790 | 5 / 5 |
| 2026-08-05 | $0.52 | $478,589,790 | 5 / 5 |
| 2026-08-06 | $0.52 | $478,622,400 | 3 / 4 |
| 2026-08-07 | $0.52 | $478,622,400 | 3 / 4 |
| 2026-08-08 | $0.52 | $478,589,790 | 5 / 5 |
| 2026-08-09 | $0.52 | $478,589,790 | 5 / 5 |
| 2026-08-10 | $0.52 | $478,589,790 | 5 / 5 |
| 2026-08-12 | $0.53 | $477,158,160 | 6 / 6 |
| 2026-08-13 | $0.52 | $478,622,400 | 3 / 4 |
| 2026-08-14 | $0.52 | $478,622,400 | 3 / 4 |
| 2026-08-15 | $0.52 | $478,622,400 | 3 / 4 |
| 2026-08-16 | $0.52 | $478,622,400 | 3 / 4 |
| 2026-08-17 | $0.52 | $478,622,400 | 3 / 4 |
| 2026-08-18 | $0.52 | $478,622,400 | 3 / 4 |
| 2026-08-19 | $0.52 | $478,622,400 | 3 / 4 |
| 2026-08-20 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-08-21 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-08-22 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-08-23 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-08-24 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-08-25 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-08-26 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-08-27 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-08-28 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-08-29 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-08-30 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-08-31 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-01 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-02 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-03 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-04 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-05 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-06 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-07 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-08 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-09 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-10 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-11 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-12 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-13 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-14 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-15 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-16 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-17 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-18 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-19 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-20 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-21 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-22 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-23 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-24 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-25 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-26 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-27 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-28 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-29 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-09-30 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-10-01 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-10-02 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-10-03 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-10-04 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-10-05 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-10-06 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-10-07 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-10-08 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-10-09 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-10-10 | $0.53 | $477,185,333 | 4 / 5 |
| 2026-10-11 | $0.53 | $477,192,250 | 4 / 5 |
| 2026-10-12 | $0.53 | $477,192,250 | 4 / 5 |
| 2026-10-13 | $0.53 | $477,192,250 | 4 / 5 |
| 2026-10-14 | $0.53 | $476,208,917 | 4 / 5 |
| 2026-10-15 | $0.53 | $476,208,917 | 4 / 5 |
| 2026-10-16 | $0.53 | $476,208,917 | 4 / 5 |
| 2026-10-17 | $0.53 | $476,208,917 | 4 / 5 |
| 2026-10-18 | $0.53 | $476,208,917 | 4 / 5 |
| 2026-10-19 | $0.53 | $476,208,917 | 4 / 5 |
| 2026-10-20 | $0.53 | $476,208,917 | 4 / 5 |
| 2026-10-21 | $0.53 | $476,208,917 | 4 / 5 |
| 2026-10-22 | $0.53 | $476,208,917 | 4 / 5 |
| 2026-10-23 | $0.53 | $476,208,917 | 4 / 5 |
| 2026-10-24 | $0.53 | $476,208,917 | 4 / 5 |
| 2026-10-25 | $0.53 | $476,208,917 | 4 / 5 |
| 2026-10-26 | $0.53 | $476,208,917 | 4 / 5 |
| 2026-10-27 | $0.53 | $476,208,917 | 4 / 5 |
| 2026-10-28 | $0.53 | $476,208,917 | 4 / 5 |
| 2026-10-29 | $0.53 | $476,208,917 | 4 / 5 |
| 2026-10-30 | $0.53 | $476,208,917 | 4 / 5 |
| 2026-10-31 | $0.60 | $482,060,833 | 4 / 5 |
| 2026-11-01 | $0.60 | $482,060,833 | 4 / 5 |
| 2026-11-02 | $0.60 | $482,060,833 | 4 / 5 |
| 2026-11-03 | $0.61 | $483,727,500 | 4 / 5 |
| 2026-11-04 | $0.61 | $483,727,500 | 4 / 5 |
| 2026-11-05 | $0.61 | $483,727,500 | 4 / 5 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 5 Buy / Strong Buy · 1 Hold · 0 Sell / Strong Sell
Recent actions · Oct 7–Nov 5 · 3 recorded
1 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 7, 2026–Nov 5, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.