Wipro, a renowned global IT services company, has been successfully delivering comprehensive IT solutions and services to corporations worldwide. Reflecting on the remarkable growth of Wipro, it is fascinating to note that an astute investor who had invested $100 in WIT stock two decades ago would now witness its value soar to an impressive $572.63, considering the stock price of $5.18 at the time of writing. This exceptional performance indicates that Wipro has consistently outperformed the market with an annualized growth rate of 1.34%, resulting in an average annual return of 9.04%. Presently, Wipro boasts a substantial market capitalization of $27.00 billion.
Wipro Limited
WIT
Strong Buy
Updated on: 29/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Wipro Limited (WIT) Stock Performance and Future Growth Analysis
Wipro Limited (WIT) is a technology services company headquartered in Bengaluru, Karnataka. On September 19, 2023, WIT stock had a previous close of $5.22. The stock opened at the same price and had a day’s range of $5.18 to $5.22. The volume for the day was 637,060, which is lower than the average volume of 1,699,818 over the past three months.
WIT’s market cap is not provided in the information, but it is important to note that the company has shown mixed earnings growth in recent years. In the last year, its earnings growth was -14.07%, indicating a decline in profitability. However, this year, WIT has experienced a significant increase in earnings growth with a rate of +33.88%. Looking ahead, the company is expected to maintain a steady earnings growth rate of +9.40% over the next five years.
The revenue growth for WIT in the last year was +6.07%, which indicates a positive trend in the company’s top-line performance. The P/E ratio for the stock is 20.5, suggesting that investors are willing to pay a premium for WIT’s earnings. The Price/Sales ratio is 2.19, which indicates that the stock is trading at a reasonable valuation compared to its revenue.
On September 19, 2023, WIT stock experienced a slight decrease of -0.02 or -0.01% in its price. This small change indicates that the stock had a relatively stable performance for the day compared to other companies in the sector.
In comparison to other technology services companies, CDW Corp (CDW) had a decrease of -0.02 or -0.01%, while Leidos Holdings Inc (LDOS) had an increase of +0.26 or +0.28%. Jack Henry & Associates Inc (JKHY) had a significant decrease of -2.72 or -1.75%.
WIT is scheduled to report its next earnings on October 17, 2023. The EPS forecast for this quarter is $0.07. In the previous year, WIT had an annual revenue of $11.3 billion and an annual profit of $1.4 billion, resulting in a net profit margin of 12.54%.
WIT operates in the technology services sector and falls under the industry of information technology services. Unfortunately, no executives are listed in the provided information.
In conclusion, WIT stock had a relatively stable performance on September 19, 2023, with a slight decrease in price. The company has shown mixed earnings growth in recent years, but it is expected to maintain a positive growth rate in the future. WIT’s revenue growth has been positive, and the stock is trading at a reasonable valuation compared to its revenue. Investors should keep an eye on WIT’s upcoming earnings report on October 17, 2023, to get a better understanding of the company’s financial performance.
Wipro Ltd Stock Analysis: Cautious Sentiment and Potential Decrease in Value Reflected in 12-Month Price Forecasts
On September 19, 2023, Wipro Ltd (WIT) stock had a median target price of 4.87, according to 40 analysts offering 12-month price forecasts. The high estimate was 5.92, while the low estimate was 3.88. This median estimate indicated a -6.47% decrease from the last price of 5.21.
The consensus among the 40 polled investment analysts was to hold the stock in Wipro Ltd. This rating has remained steady since August, when it was unchanged from a hold rating.
Wipro Ltd is a global information technology, consulting, and business process services company headquartered in India. It operates in various industries, including technology, healthcare, and manufacturing, providing services such as digital transformation, cloud computing, and cybersecurity.
The current quarter’s earnings per share for Wipro Ltd were $0.07, with sales amounting to $2.8 billion. The reporting date for this quarter is scheduled for October 17.
Investors and analysts are closely monitoring the performance of Wipro Ltd, as reflected in the 12-month price forecasts. The median target price suggests a potential decrease in the stock’s value, indicating a cautious sentiment among analysts. However, it is important to note that these forecasts are based on various factors and can change over time.
Wipro Ltd’s hold rating indicates a neutral stance among analysts, suggesting that the stock is expected to perform in line with the market. This rating has remained unchanged since August, indicating a consistent view on the company’s prospects.
The upcoming reporting date on October 17 will provide further insights into Wipro Ltd’s financial performance for the current quarter. Investors will be keen to analyze the earnings per share and sales figures to assess the company’s growth and profitability.
Overall, the performance of Wipro Ltd’s stock on September 19, 2023, reflected a cautious sentiment among analysts, with a median target price indicating a potential decrease in value. However, investors should consider multiple factors and stay updated with the latest financial reports to make informed decisions regarding their investments in Wipro Ltd.
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