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

September 17, 2017 - By Richard Conner

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

Investors wait Wipro Limited (ADR) (NYSE:WIT) to report on October, 17. its quarterly earnings Wall Street analysts expect $0.06 EPS, $0.00 or 0.00 % from last year’s $0.06 same quarter earnings. This translates into $223.14M profit for WIT giving the stock a 24.17 P/E. This is assuming the current $0.06 EPS is accurate. Wipro Limited (ADR)’s Wall Street analysts see -14.29 % negative EPS growth, taking into account the $0.07 EPS reproted in the previous quarter, The stock increased 1.75% or $0.1 on September 15, reaching $5.8. About 1.54 million 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. The firm has “Underperform” rating by Wedbush given on Friday, September 9. The firm earned “Underperform” rating on Wednesday, June 7 by Jefferies. The stock has “Underperform” rating by Sterne Agee CRT on Thursday, December 17. The stock has “Buy” rating by CLSA on Friday, January 6. Citigroup downgraded Wipro Limited (ADR) (NYSE:WIT) on Thursday, April 21 to “Sell” rating. On Friday, July 7 the stock rating was downgraded by CLSA to “Outperform”. The stock has “Reduce” rating by HSBC on Tuesday, August 9. Bank of America maintained Wipro Limited (ADR) (NYSE:WIT) rating on Friday, July 21. Bank of America has “Neutral” rating and $277 target. The firm has “Hold” rating by Zacks given on Tuesday, September 22. Morgan Stanley downgraded the shares of WIT in report on Thursday, February 11 to “Equal-Weight” rating.

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.

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