Wipro Limited (WIT) Expected to Post Earnings of $0.07 Per Share
Wall Street analysts predict that Wipro Limited (NYSE:WIT) will announce earnings per share (EPS) of $0.07 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Wipro’s earnings. Wipro reported earnings of $0.06 per share during the same quarter last year, which suggests a positive year over year growth rate of 16.7%. The business is scheduled to announce its next quarterly earnings report before the market opens on Friday, January 18th.
On average, analysts expect that Wipro will report full year earnings of $0.27 per share for the current year. For the next financial year, analysts expect that the firm will post earnings of $0.31 per share, with EPS estimates ranging from $0.29 to $0.33. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Wipro.
Wipro (NYSE:WIT) last issued its earnings results on Wednesday, October 24th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.14 billion. Wipro had a net margin of 13.84% and a return on equity of 15.63%.
Shares of Wipro stock traded up $0.06 on Friday, reaching $5.15. The company had a trading volume of 8,974 shares, compared to its average volume of 1,112,885. The stock has a market cap of $23.10 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 2.70 and a beta of 0.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.49 and a current ratio of 2.51. Wipro has a 1 year low of $4.50 and a 1 year high of $5.99.
Large investors have recently made changes to their positions in the stock. Greenleaf Trust increased its position in Wipro by 78.5% during the 3rd quarter. Greenleaf Trust now owns 33,808 shares of the information technology services provider’s stock valued at $176,000 after buying an additional 14,863 shares in the last quarter. Trexquant Investment LP purchased a new stake in Wipro during the 3rd quarter valued at about $186,000. Crossmark Global Holdings Inc. purchased a new stake in Wipro during the 3rd quarter valued at about $213,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Wipro during the 3rd quarter valued at about $236,000. Finally, Stevens Capital Management LP purchased a new stake in Wipro during the 3rd quarter valued at about $248,000. 2.25% of the stock is currently owned by institutional investors.
Wipro Company Profile
Wipro Limited operates as an information technology (IT), consulting, and business process services (BPS) company worldwide. The company's IT Services segment offers a range of IT and IT-enabled services, including digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, infrastructure services, analytics services, BPS, research and development services, and hardware and software design services to various enterprises.
Recommended Story: Trading Ex-Dividend Strategy
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Wipro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wipro and related companies with MarketBeat.com's FREE daily email newsletter.