Wipro (WIT) Projected to Post Earnings on Friday

Wipro (NYSE:WIT) will likely be releasing its earnings data before the market opens on Friday, January 17th. Analysts expect Wipro to post earnings of $0.04 per share and revenue of $222,346,225.08 billion for the quarter.

Wipro (NYSE:WIT) last released its quarterly earnings results on Thursday, October 17th. The information technology services provider reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.66 billion. Wipro had a net margin of 13.23% and a return on equity of 14.98%. On average, analysts expect Wipro to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Wipro Stock Performance

Wipro stock traded up $0.04 during midday trading on Wednesday, reaching $3.44. 4,315,734 shares of the stock traded hands, compared to its average volume of 3,633,858. Wipro has a fifty-two week low of $2.55 and a fifty-two week high of $3.75. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.08. The firm has a market cap of $35.95 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 4.92 and a beta of 0.91. The firm has a fifty day moving average price of $5.27 and a two-hundred day moving average price of $5.96.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WIT. HSBC upgraded Wipro from a “reduce” rating to a “hold” rating in a research report on Monday, December 9th. Investec lowered Wipro from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. UBS Group raised shares of Wipro from a “sell” rating to a “neutral” rating in a report on Thursday, January 2nd. Finally, StockNews.com cut shares of Wipro from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.60.

Wipro Company Profile

Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through IT Services and IT Products segments. The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises.