Wipro (WIT) Expected to Announce Quarterly Earnings on Wednesday

Wipro (NYSE:WIT) will likely be releasing its earnings data before the market opens on Wednesday, April 16th. Analysts expect Wipro to post earnings of $0.04 per share and revenue of $225.66 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Wipro (NYSE:WIT) last released its earnings results on Friday, January 17th. The information technology services provider reported $0.04 earnings per share for the quarter, hitting 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 Stock Down 3.0 %

Shares of NYSE WIT opened at $2.77 on Wednesday. The business has a 50-day moving average of $3.30 and a two-hundred day moving average of $4.73. The company has a market capitalization of $28.91 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 3.08 and a beta of 0.96. Wipro has a 1 year low of $2.55 and a 1 year high of $3.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 2.83.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group raised shares of Wipro from a “sell” rating to a “neutral” rating in a research report on Thursday, January 2nd. Jefferies Financial Group lowered shares of Wipro from a “hold” rating to an “underperform” rating in a research report on Tuesday. Finally, StockNews.com upgraded Wipro from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Wipro has a consensus rating of “Hold”.

About Wipro

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.