Infosys Technologies Ltd (INFY) to Release Earnings on Thursday
Infosys Technologies Ltd (NASDAQ:INFY) is scheduled to be posting its Q214 quarterly earnings results on Thursday, October 10th. Analysts expect Infosys Technologies Ltd to post earnings of $0.70 per share and revenue of $2.00 billion for the quarter.
Infosys Technologies Ltd (NASDAQ:INFY) last issued its quarterly earnings data on Friday, July 12th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.03. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 23.5% on a year-over-year basis.
Infosys Technologies Ltd (NASDAQ:INFY) opened at 48.34 on Wednesday. Infosys Technologies Ltd has a 1-year low of $38.91 and a 1-year high of $55.71. The stock’s 50-day moving average is $47.86 and its 200-day moving average is $45.85. The company has a market cap of $27.622 billion and a price-to-earnings ratio of 16.36.
A number of research firms have recently commented on INFY. Analysts at BNP Paribas upgraded shares of Infosys Technologies Ltd from a “hold” rating to a “buy” rating in a research note to investors on Monday. On a related note, analysts at Robert W. Baird upgraded shares of Infosys Technologies Ltd from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, September 25th. They now have a $58.00 price target on the stock, up previously from $46.00. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Infosys Technologies Ltd in a research note to investors on Tuesday, September 3rd. They now have a $49.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $50.60.
Infosys Limited (NASDAQ:INFY), formerly Infosys Technologies Limited, provides business consulting, technology, engineering and outsourcing services.
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