Analysts See $0.06 EPS for Wipro Limited (ADR) (WIT)

September 17, 2017 - By Michael Collier

 Analysts See $0.06 EPS for Wipro Limited (ADR) (WIT)

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 1.54M 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. On Thursday, April 21 the stock rating was downgraded by Citigroup to “Sell”. The firm earned “Buy” rating on Friday, January 6 by CLSA. The firm has “Reduce” rating by HSBC given on Tuesday, August 9. The rating was initiated by Wedbush on Friday, September 9 with “Underperform”. The company was upgraded on Tuesday, September 22 by Zacks. The company was maintained on Friday, July 21 by Bank of America. The company was downgraded on Thursday, February 11 by Morgan Stanley. The company was initiated on Thursday, December 17 by Sterne Agee CRT. Nomura downgraded Wipro Limited (ADR) (NYSE:WIT) on Monday, October 24 to “Reduce” rating. The firm earned “Outperform” rating on Friday, July 7 by CLSA.

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 which published an article titled: “Validea Warren Buffett Strategy Daily Upgrade Report – 8/29/2017” on August 29, 2017.

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