Wipro (WIT) Projected to Post Quarterly Earnings on Friday

Wipro (NYSE:WIT - Get Free Report) is projected 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The information technology services provider reported $0.04 EPS for the quarter, hitting analysts' consensus estimates of $0.04. Wipro had a net margin of 14.73% and a return on equity of 15.97%. The business had revenue of $2.62 billion during the quarter, compared to analysts' expectations 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 Price Performance

Shares of NYSE:WIT traded down $0.04 on Monday, reaching $2.88. The company's stock had a trading volume of 9,146,073 shares, compared to its average volume of 5,064,101. Wipro has a 52-week low of $2.63 and a 52-week high of $3.79. The company has a market cap of $30.07 billion, a P/E ratio of 19.17, a PEG ratio of 8.20 and a beta of 1.02. The company has a 50-day simple moving average of $2.96 and a 200 day simple moving average of $3.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.71 and a current ratio of 2.72.

Hedge Funds Weigh In On Wipro

A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its stake 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 worth $369,000 after purchasing an additional 19,901 shares during the period. NewEdge Advisors LLC boosted its stake 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 worth $828,000 after purchasing an additional 125,967 shares during the period. Jane Street Group LLC boosted its stake 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 worth $687,000 after purchasing an additional 145,658 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake 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 worth $31,683,000 after purchasing an additional 1,864,943 shares during the period. 2.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WIT. Morgan Stanley raised shares of Wipro from an "underweight" rating to an "equal weight" rating in a research note on Friday, June 20th. Jefferies Financial Group cut shares of Wipro from a "hold" rating to an "underperform" rating in a research note on Tuesday, April 8th. Finally, Wall Street Zen raised shares of Wipro from a "hold" rating to a "buy" rating in a research note on Saturday, April 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Wipro presently has an average rating of "Hold".

Wipro Company Profile

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.