Wipro (NYSE:WIT - Get Free Report) is expected to be announcing its earnings results before the market opens on Wednesday, April 16th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $225.66 billion for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.
Wipro (NYSE:WIT - Get Free Report) last announced its earnings results on Friday, January 17th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.04. Wipro had a net margin of 13.96% and a return on equity of 15.46%. On average, analysts expect Wipro to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Wipro Price Performance
Shares of WIT stock traded down $0.01 during midday trading on Friday, reaching $2.84. 7,922,255 shares of the company were exchanged, compared to its average volume of 5,043,571. The company's 50 day moving average price is $3.23 and its two-hundred day moving average price is $4.62. The company has a market cap of $29.65 billion, a P/E ratio of 19.55, a PEG ratio of 3.08 and a beta of 0.96. Wipro has a 12 month low of $2.55 and a 12 month high of $3.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.83 and a current ratio of 2.83.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on WIT. UBS Group raised Wipro from a "sell" rating to a "neutral" rating in a research note on Thursday, January 2nd. StockNews.com raised Wipro from a "hold" rating to a "buy" rating in a report on Monday, January 20th. Finally, Jefferies Financial Group cut shares of Wipro from a "hold" rating to an "underperform" rating in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold".
View Our Latest Report on WIT
Wipro Company Profile
(
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Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through IT Services and IT Products segments. The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises.
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