$0.06 EPS Expected for Wipro Limited (ADR) (WIT)

September 17, 2017 – By Darrin Black

Wall Street await Wipro Limited (ADR) (NYSE:WIT) to release earnings on October, 17. Analysts forecast EPS of $0.06, exactly $0.00 or 0.00 % from 2014’s $0.06 EPS. The expected WIT’s profit could reach $223.14M giving the stock 24.17 P/E in the case that $0.06 earnings per share is reported. After posting $0.07 EPS for the previous quarter, Wipro Limited (ADR)’s analysts now forecast -14.29 % negative EPS growth. The stock increased 1.75% or $0.1 on September 15, reaching $5.8. About 1.54M shares traded or 9.22% up from the average. Wipro Limited (ADR) (NYSE:WIT) has declined 11.96% since September 17, 2016 and is downtrending. It has underperformed by 28.66% the S&P500.

Wipro Limited (ADR) (NYSE:WIT) Ratings Coverage

Among 10 analysts covering Wipro Limited (NYSE:WIT), 1 have Buy rating, 6 Sell and 3 Hold. Therefore 10% are positive. Wipro Limited had 12 analyst reports since August 5, 2015 according to SRatingsIntel. Wedbush initiated Wipro Limited (ADR) (NYSE:WIT) rating on Friday, September 9. Wedbush has “Underperform” rating and $8.50 target. The rating was upgraded by Zacks to “Hold” on Tuesday, September 22. The company was downgraded on Thursday, April 21 by Citigroup. Bank of America maintained Wipro Limited (ADR) (NYSE:WIT) rating on Friday, July 21. Bank of America has “Neutral” rating and $277 target. The stock of Wipro Limited (ADR) (NYSE:WIT) has “Underperform” rating given on Thursday, December 17 by Sterne Agee CRT. The stock of Wipro Limited (ADR) (NYSE:WIT) earned “Outperform” rating by CLSA on Friday, July 7. CLSA upgraded Wipro Limited (ADR) (NYSE:WIT) on Friday, January 6 to “Buy” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, February 11. Jefferies downgraded Wipro Limited (ADR) (NYSE:WIT) on Wednesday, June 7 to “Underperform” rating. The stock of Wipro Limited (ADR) (NYSE:WIT) earned “Hold” rating by Zacks on Wednesday, August 5.

Wipro Limited is a global information technology (IT) services provider. The company has market cap of $21.57 billion. It operates through two divisions: IT Services and IT Products. It has a 21.18 P/E ratio. The Company’s IT Services business provides a range of IT and IT-enabled services, which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development and hardware and software design.

Another recent and important Wipro Limited (ADR) (NYSE:WIT) news was published by Nasdaq.com which published an article titled: “Validea Warren Buffett Strategy Daily Upgrade Report – 8/29/2017” on August 29, 2017.