Wipro Limited to Post Q1 2025 Earnings of $0.07 Per Share, Wedbush Forecasts (NYSE:WIT)

Wipro Limited (NYSE:WIT) – Analysts at Wedbush issued their Q1 2025 EPS estimates for Wipro in a research report issued to clients and investors on Monday, April 29th. Wedbush analyst M. Katri anticipates that the information technology services provider will post earnings of $0.07 per share for the quarter. Wedbush currently has a “Underperform” rating and a $6.00 price objective on the stock. The consensus estimate for Wipro’s current full-year earnings is $0.28 per share. Wedbush also issued estimates for Wipro’s Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at $0.26 EPS and FY2026 earnings at $0.27 EPS.

A number of other research firms have also recently weighed in on WIT. TheStreet raised shares of Wipro from a “c+” rating to a “b-” rating in a research note on Friday, January 12th. BNP Paribas started coverage on Wipro in a research note on Wednesday, January 17th. They issued an “underperform” rating and a $5.20 price objective for the company. Finally, StockNews.com downgraded shares of Wipro from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $5.05.

Wipro Price Performance

Shares of NYSE WIT opened at $5.38 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.29 and a quick ratio of 2.28. Wipro has a fifty-two week low of $4.48 and a fifty-two week high of $6.45. The stock has a market capitalization of $28.08 billion, a PE ratio of 21.52, a P/E/G ratio of 2.18 and a beta of 0.87. The business has a fifty day moving average price of $5.79 and a two-hundred day moving average price of $5.43.

Institutional Investors Weigh In On Wipro

Large investors have recently modified their holdings of the stock. Capstone Investment Advisors LLC lifted its holdings in Wipro by 20.6% during the first quarter. Capstone Investment Advisors LLC now owns 126,735 shares of the information technology services provider’s stock valued at $729,000 after purchasing an additional 21,622 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Wipro by 65.5% in the 1st quarter. BNP Paribas Financial Markets now owns 6,160,285 shares of the information technology services provider’s stock worth $35,422,000 after buying an additional 2,437,802 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Wipro by 11.2% in the first quarter. Sequoia Financial Advisors LLC now owns 177,097 shares of the information technology services provider’s stock worth $1,018,000 after acquiring an additional 17,899 shares in the last quarter. HB Wealth Management LLC boosted its holdings in shares of Wipro by 14.5% in the 1st quarter. HB Wealth Management LLC now owns 21,536 shares of the information technology services provider’s stock worth $124,000 after purchasing an additional 2,722 shares in the last quarter. Finally, Caprock Group LLC grew its position in Wipro by 17.5% during the first quarter. Caprock Group LLC now owns 99,141 shares of the information technology services provider’s stock valued at $570,000 after acquiring an additional 14,794 shares during the last quarter. Hedge funds and other institutional investors own 2.36% of the company’s stock.

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.