Research Analysts Issue Forecasts for Wipro Limited’s FY2025 Earnings (NYSE:WIT)

Wipro Limited (NYSE:WIT) – Wedbush issued their FY2025 earnings estimates for shares of Wipro in a research note issued to investors on Monday, November 13th. Wedbush analyst M. Katri forecasts that the information technology services provider will post earnings of $0.30 per share for the year. The consensus estimate for Wipro’s current full-year earnings is $0.25 per share.

Wipro (NYSE:WIT) last issued its quarterly earnings data on Wednesday, October 18th. The information technology services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.77 billion. Wipro had a return on equity of 16.02% and a net margin of 12.69%. During the same period in the previous year, the firm earned $0.06 earnings per share.

A number of other research firms have also recently weighed in on WIT. StockNews.com assumed coverage on shares of Wipro in a research report on Thursday, October 5th. They set a “hold” rating on the stock. The Goldman Sachs Group initiated coverage on shares of Wipro in a report on Tuesday, August 22nd. They set a “sell” rating and a $4.70 price target on the stock.

Wipro Stock Performance

NYSE WIT opened at $4.68 on Thursday. The business’s 50 day moving average price is $4.83 and its 200-day moving average price is $4.83. Wipro has a fifty-two week low of $4.32 and a fifty-two week high of $5.31. The company has a market cap of $24.40 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.99 and a beta of 0.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.28 and a current ratio of 2.29.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Morgan Stanley grew its stake in Wipro by 6.4% in the 3rd quarter. Morgan Stanley now owns 9,401,933 shares of the information technology services provider’s stock worth $45,505,000 after acquiring an additional 564,144 shares in the last quarter. Penserra Capital Management LLC grew its stake in Wipro by 9.0% in the third quarter. Penserra Capital Management LLC now owns 518,722 shares of the information technology services provider’s stock worth $2,510,000 after purchasing an additional 42,696 shares in the last quarter. Toroso Investments LLC bought a new position in Wipro in the third quarter worth approximately $5,591,000. Schroder Investment Management Group raised its position in Wipro by 33.1% during the 3rd quarter. Schroder Investment Management Group now owns 167,186 shares of the information technology services provider’s stock valued at $809,000 after purchasing an additional 41,613 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Wipro by 20.0% in the 3rd quarter. Legal & General Group Plc now owns 174,969 shares of the information technology services provider’s stock worth $849,000 after buying an additional 29,142 shares during the period. 2.36% of the stock is currently owned by institutional investors.

Wipro Company Profile

Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). 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.