Brokerages expect that Wipro Limited (NYSE:WIT) will announce earnings per share (EPS) of $0.06 for the current quarter, according to Zacks. Zero analysts have made estimates for Wipro’s earnings. Wipro reported earnings of $0.05 per share in the same quarter last year, which suggests a positive year over year growth rate of 20%. The business is scheduled to report its next quarterly earnings report on Friday, July 19th.

According to Zacks, analysts expect that Wipro will report full-year earnings of $0.23 per share for the current financial year, with EPS estimates ranging from $0.18 to $0.26. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.26 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Wipro.

Wipro (NYSE:WIT) last issued its quarterly earnings data on Tuesday, April 16th. The information technology services provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $150.06 billion for the quarter, compared to the consensus estimate of $150.97 billion. Wipro had a net margin of 14.51% and a return on equity of 16.16%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the company posted $9.08 earnings per share.

Several equities analysts have recently commented on WIT shares. TheStreet raised shares of Wipro from a “c” rating to a “b-” rating in a research note on Friday, January 18th. Zacks Investment Research upgraded shares of Wipro from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research report on Saturday, January 26th. Deutsche Bank assumed coverage on shares of Wipro in a research report on Thursday, January 10th. They set a “hold” rating on the stock. Macquarie cut shares of Wipro from an “outperform” rating to a “neutral” rating in a research report on Tuesday. Finally, Credit Suisse Group cut shares of Wipro from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 22nd. Four equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.18.

Several hedge funds and other institutional investors have recently made changes to their positions in WIT. First Command Bank purchased a new position in shares of Wipro during the fourth quarter valued at about $28,000. First Command Financial Services Inc. bought a new position in Wipro in the fourth quarter worth approximately $28,000. Private Advisor Group LLC bought a new position in Wipro in the fourth quarter worth approximately $57,000. Mercer Global Advisors Inc. ADV bought a new position in Wipro in the first quarter worth approximately $60,000. Finally, Financial Gravity Companies Inc. bought a new position in Wipro in the fourth quarter worth approximately $68,000. Institutional investors own 1.72% of the company’s stock.

Shares of NYSE:WIT traded up $0.14 during midday trading on Friday, hitting $4.39. 1,801,742 shares of the stock traded hands, compared to its average volume of 1,128,522. The company has a market cap of $26.35 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 1.73 and a beta of 0.48. The company has a current ratio of 2.79, a quick ratio of 2.77 and a debt-to-equity ratio of 0.09. Wipro has a one year low of $3.38 and a one year high of $4.42.

About Wipro

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.

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Earnings History and Estimates for Wipro (NYSE:WIT)

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