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

September 17, 2017 - By Clifton Ray

 $0.06 EPS Expected 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 Friday, January 6 the stock rating was upgraded by CLSA to “Buy”. The stock has “Underperform” rating by Wedbush on Friday, September 9. The stock has “Hold” rating by Zacks on Tuesday, September 22. CLSA downgraded Wipro Limited (ADR) (NYSE:WIT) on Friday, July 7 to “Outperform” rating. Morgan Stanley downgraded the shares of WIT in report on Thursday, February 11 to “Equal-Weight” rating. The rating was downgraded by Jefferies on Wednesday, June 7 to “Underperform”. Bank of America maintained Wipro Limited (ADR) (NYSE:WIT) on Friday, July 21 with “Neutral” rating. As per Thursday, April 21, the company rating was downgraded by Citigroup. The rating was downgraded by Nomura on Monday, October 24 to “Reduce”. The rating was initiated by Sterne Agee CRT on Thursday, December 17 with “Underperform”.

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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