Wipro Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

It's been a good week for Wipro Limited (NSE:WIPRO) shareholders, because the company has just released its latest quarterly results, and the shares gained 2.9% to ₹300. Wipro reported ₹223b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of ₹3.20 beat expectations, being 9.2% higher than what the analysts expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

View our latest analysis for Wipro

After the latest results, the 43 analysts covering Wipro are now predicting revenues of ₹946.4b in 2026. If met, this would reflect a reasonable 5.7% improvement in revenue compared to the last 12 months. Per-share earnings are expected to accumulate 9.6% to ₹13.00. In the lead-up to this report, the analysts had been modelling revenues of ₹947.4b and earnings per share (EPS) of ₹12.64 in 2026. So the consensus seems to have become somewhat more optimistic on Wipro's earnings potential following these results.

The consensus price target was unchanged at ₹291, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Wipro analyst has a price target of ₹360 per share, while the most pessimistic values it at ₹220. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Wipro shareholders.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Wipro's past performance and to peers in the same industry. We would highlight that Wipro's revenue growth is expected to slow, with the forecast 4.5% annualised growth rate until the end of 2026 being well below the historical 9.9% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 8.1% annually. Factoring in the forecast slowdown in growth, it seems obvious that Wipro is also expected to grow slower than other industry participants.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Wipro's earnings potential next year. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Wipro's revenue is expected to perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that in mind, we wouldn't be too quick to come to a conclusion on Wipro. Long-term earnings power is much more important than next year's profits. We have forecasts for Wipro going out to 2027, and you can see them free on our platform here.

You should always think about risks though. Case in point, we've spotted 1 warning sign for Wipro you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.