Wipro Limited (WIT) to Release Quarterly Earnings on Tuesday
Wipro Limited (NYSE:WIT) is scheduled to be announcing its Q214 earnings results on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.11 per share and revenue of $1.78 billion for the quarter.
Wipro Limited (NYSE:WIT) last released its earnings data on Friday, July 26th. The company reported $6.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $6.49 by $0.11. The company had revenue of $97.29 million for the quarter, compared to the consensus estimate of $101.67 million. During the same quarter last year, the company posted $6.43 earnings per share. Wipro Limited’s revenue was up 7.1% compared to the same quarter last year.
Wipro Limited (NYSE:WIT) opened at 11.56 on Monday. Wipro Limited has a one year low of $6.744 and a one year high of $10.21. The stock’s 50-day moving average is $9.15 and its 200-day moving average is $8.35. The company has a market cap of $28.293 billion and a P/E ratio of 22.58.
A number of analysts have recently weighed in on WIT shares. Analysts at Societe Generale initiated coverage on shares of Wipro Limited in a research note to investors on Monday, September 23rd. They set a “hold” rating on the stock. On a related note, analysts at TheStreet upgraded shares of Wipro Limited to a “buy” rating in a research note to investors on Friday, September 13th. Finally, analysts at Macquarie upgraded shares of Wipro Limited from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, August 29th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.21.
Wipro Limited is a global information technology (NYSE:WIT) services company.
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