Wipro's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Wipro (NYSE:WIT) is scheduled to release its quarterly earnings report on January 12, 2024. Analysts predict an EPS of $0.06. Investors are looking for an earnings beat and positive guidance for future growth. Wipro's stock performance has been positive over the last year, with shares up 11.9%. Historically, Wipro's share price has been sensitive to earnings performance and guidance.
January 11, 2024 | 2:00 pm
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Wipro is expected to report an EPS of $0.06 in its upcoming earnings release. Historical data shows that Wipro's stock price reacts to earnings performance and guidance, with a positive year-over-year return of 11.9%.
The expected EPS is in line with previous quarters, and while the stock has historically reacted to earnings reports, the consistent performance and positive annual return suggest a neutral short-term impact. However, the actual impact will heavily depend on whether Wipro meets or exceeds the EPS estimate and provides positive guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100