Virtusa Corp (VRTU) Scheduled to Post Quarterly Earnings on Thursday
Virtusa Corp (NASDAQ:VRTU) is scheduled to announce its earnings results on Thursday, January 30th. Virtusa Corp has set its Q3 guidance at $0.32-$0.36 EPS and its FY14 guidance at $1.25-$1.33 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.
Virtusa Corp (NASDAQ:VRTU) last announced its earnings results on Monday, November 4th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.30 by $0.02. The company had revenue of $94.30 million for the quarter, compared to the consensus estimate of $94.43 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. On average, analysts expect Virtusa Corp to post $1.29 EPS for the current fiscal year and $1.63 EPS for the next fiscal year.
Shares of Virtusa Corp (NASDAQ:VRTU) opened at 34.87 on Wednesday. Virtusa Corp has a 1-year low of $19.02 and a 1-year high of $38.49. The stock’s 50-day moving average is $35.77 and its 200-day moving average is $31.02. The company has a market cap of $923.1 million and a price-to-earnings ratio of 28.31.
A number of analysts have recently weighed in on VRTU shares. Analysts at Zacks reiterated a “hold” rating on shares of Virtusa Corp in a research note to investors on Tuesday, November 5th. They now have a $29.20 price target on the stock. Analysts at Needham & Company raised their price target on shares of Virtusa Corp from $30.00 to $35.00 in a research note to investors on Tuesday, November 5th. They now have a “buy” rating on the stock.
Virtusa Corporation is an information technology services company. The Company uses an offshore delivery model to provide a broad range of information technology (NASDAQ:VRTU), services, including IT consulting, technology implementation and application outsourcing.
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