Wipro (WIT) Projected to Post Earnings on Friday

Wipro (NYSE:WIT) is expected to release its Q1 25/26 earnings data before the market opens on Friday, July 18th. Analysts expect Wipro to post earnings of $0.04 per share and revenue of $219.23 billion for the quarter.

Wipro (NYSE:WIT) last issued its quarterly earnings data on Wednesday, April 16th. The information technology services provider reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Wipro had a return on equity of 15.97% and a net margin of 14.73%. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $225.66 billion. On average, analysts expect Wipro to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Wipro Stock Performance

Shares of WIT opened at $2.90 on Wednesday. Wipro has a 12 month low of $2.63 and a 12 month high of $3.79. The stock has a fifty day moving average price of $2.96 and a 200-day moving average price of $3.15. The company has a current ratio of 2.72, a quick ratio of 2.71 and a debt-to-equity ratio of 0.08. The firm has a market cap of $30.28 billion, a PE ratio of 19.30, a P/E/G ratio of 8.11 and a beta of 1.02.

Hedge Funds Weigh In On Wipro

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its position in shares of Wipro by 19.8% during the 1st quarter. Royal Bank of Canada now owns 120,431 shares of the information technology services provider’s stock valued at $369,000 after acquiring an additional 19,901 shares during the period. Jane Street Group LLC grew its position in shares of Wipro by 184.9% during the 1st quarter. Jane Street Group LLC now owns 224,438 shares of the information technology services provider’s stock valued at $687,000 after acquiring an additional 145,658 shares during the period. NewEdge Advisors LLC grew its position in shares of Wipro by 87.0% during the 1st quarter. NewEdge Advisors LLC now owns 270,702 shares of the information technology services provider’s stock valued at $828,000 after acquiring an additional 125,967 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Wipro by 22.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,354,002 shares of the information technology services provider’s stock valued at $31,683,000 after acquiring an additional 1,864,943 shares during the period. Hedge funds and other institutional investors own 2.36% of the company’s stock.

Analysts Set New Price Targets

WIT has been the subject of a number of research analyst reports. Wall Street Zen upgraded Wipro from a “hold” rating to a “buy” rating in a research note on Saturday, April 26th. Jefferies Financial Group lowered Wipro from a “hold” rating to an “underperform” rating in a research note on Tuesday, April 8th. Finally, Morgan Stanley upgraded Wipro from an “underweight” rating to an “equal weight” rating in a research note on Friday, June 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Wipro currently 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.