Infosys (INFY) Scheduled to Post Earnings on Friday

Infosys (NYSE:INFY) is scheduled to release its earnings data before the market opens on Friday, January 12th. Analysts expect Infosys to post earnings of $0.25 per share for the quarter.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Infosys had a return on equity of 21.05% and a net margin of 21.04%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same period last year, the business posted $0.24 earnings per share. On average, analysts expect Infosys to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Infosys (NYSE INFY) opened at $16.05 on Friday. Infosys has a 12 month low of $13.42 and a 12 month high of $16.39. The stock has a market capitalization of $35,150.00, a PE ratio of 16.05, a PEG ratio of 1.76 and a beta of 0.73.

Several brokerages have recently issued reports on INFY. Zacks Investment Research upgraded Infosys from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Tuesday, September 19th. Goldman Sachs Group upgraded Infosys from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $12.40 to $12.88 in a research note on Sunday, September 17th. BidaskClub cut Infosys from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Oppenheimer restated a “hold” rating on shares of Infosys in a research note on Tuesday, October 24th. Finally, Bank of America upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 5th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Infosys has an average rating of “Hold” and a consensus target price of $15.48.

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Infosys Company Profile

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.

Earnings History for Infosys (NYSE:INFY)

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