Wipro Limited (ADR) (WIT) EPS Estimated At $0.06

September 17, 2017 - By Louis Casey

 Wipro Limited (ADR) (WIT) EPS Estimated At $0.06

Analysts expect Wipro Limited (ADR) (NYSE:WIT) to report $0.06 EPS on October, 17.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $0.06 EPS. WIT’s profit would be $223.14M giving it 24.17 P/E if the $0.06 EPS is correct. After having $0.07 EPS previously, Wipro Limited (ADR)’s analysts see -14.29 % EPS growth. 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. Wedbush initiated it with “Underperform” rating and $8.50 target in Friday, September 9 report. The firm earned “Neutral” rating on Friday, July 21 by Bank of America. CLSA downgraded the stock to “Outperform” rating in Friday, July 7 report. The rating was upgraded by CLSA to “Buy” on Friday, January 6. Jefferies downgraded the shares of WIT in report on Wednesday, June 7 to “Underperform” rating. The firm earned “Underperform” rating on Thursday, December 17 by Sterne Agee CRT. The firm earned “Reduce” rating on Tuesday, August 9 by HSBC. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, February 11. The company was downgraded on Monday, October 24 by Nomura. The firm has “Hold” rating by Zacks given on Tuesday, September 22.

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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