Wipro Ltd (ADR) (NYSE:WIT) will Announce Q2 Results at 21st October

[Business Wire] Wipro Ltd (ADR) (NYSE:WIT)(TREND ANALYSIS) will announce results for the second quarter ended September 30, 2015 on Wednesday, October 21, 2015 after stock market trading hours in India. The results will be available in the Investors section of the company’s website at www.wipro.com/investors.

At 07:15 PM IST* (9:45 AM US Eastern time) following the results announcement, the senior management will discuss the company’s performance for the quarter and answer questions sent by 6:30 PM IST* (9:00 AM US Eastern time) to the email ID: *protected email* or *protected email*

Stock Performance: Click here for a free comprehensive Trend Analysis Report

Wipro Ltd (ADR) (NYSE:WIT) stock is currently trading 12.55% below its 52-week-high, 14.71% above its 52-week-low. The 1-year stock price history is in the range of $10.81 – $14.18. Wipro Ltd (ADR) (WIT) has a price to earnings ratio of 22.84 versus Technology sector average of 20.28. WIT stock price has outperformed the S&P 500 by 12.5%. The Computer Services company is currently valued at $30.41 billion and its share price closed the last trading session at $12.4. The stock has a 50-day moving average of $11.96 and a 200-day moving average of $12.12.

Wipro Ltd (ADR) (WIT) current short interest stands at 10.87 million shares. It has increased by 3% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.63 million shares, the number of days required to cover the short positions stand at 17.3 days.

The company is expected to announce next quarter earnings on October 21, at consensus estimate of $0.14. Wipro Ltd (ADR) (WIT) reported last quarter earnings on July 23. The Computer Services company announced earnings per share of $0.14 against a consensus Street estimate of $0.14, matching the average estimate. This corresponds to a flat EPS compared to the same quarter of the previous fiscal year.

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There are currently fifty-three analysts that cover Wipro Ltd (ADR) stock. Of those fifty-three, twenty-one have a Buy rating, twenty-five have a Hold rating and seven have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $9.73.

A recent analyst activity consisted of Jefferies upgrading their Underperform rating to Hold on June 3. On the date of report, the stock closed at $11.8.

Company profile

Wipro Limited specializes in IT and computer related technologies. The Group’s services encompass a number of areas, including software architecture, business intelligence systems, e-commerce, data warehousing, Internet access devices, network management, system administration, messaging systems, IT consulting and design. Wipro also has a presence in niche markets of consumer products.

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