Infosys Ltd (INFY) Expected to Announce Quarterly Sales of $2.77 Billion

Brokerages expect that Infosys Ltd (NYSE:INFY) will announce $2.77 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Infosys’ earnings. The highest sales estimate is $2.80 billion and the lowest is $2.70 billion. Infosys posted sales of $2.57 billion in the same quarter last year, which would indicate a positive year over year growth rate of 7.8%. The firm is scheduled to report its next earnings report on Thursday, April 12th.

On average, analysts expect that Infosys will report full-year sales of $2.77 billion for the current fiscal year, with estimates ranging from $10.83 billion to $10.99 billion. For the next fiscal year, analysts anticipate that the business will report sales of $11.70 billion per share, with estimates ranging from $11.52 billion to $12.03 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Infosys.

Infosys (NYSE:INFY) last announced its earnings results on Friday, January 12th. The technology company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Infosys had a net margin of 22.97% and a return on equity of 21.31%. During the same period in the previous year, the company posted $0.24 EPS.

A number of brokerages have recently commented on INFY. UBS Group raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Monday, January 22nd. ValuEngine upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of Infosys from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Goldman Sachs Group upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Monday. Finally, Susquehanna Bancshares reiterated a “negative” rating on shares of Infosys in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.77.

Shares of Infosys (NYSE INFY) traded down $0.37 during trading on Friday, hitting $17.11. 5,139,412 shares of the stock were exchanged, compared to its average volume of 7,060,000. The firm has a market cap of $36,730.00, a PE ratio of 15.70, a price-to-earnings-growth ratio of 1.92 and a beta of 0.61. Infosys has a fifty-two week low of $13.87 and a fifty-two week high of $18.71.

Several hedge funds and other institutional investors have recently modified their holdings of INFY. Tower Research Capital LLC TRC boosted its position in shares of Infosys by 198.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,967 shares of the technology company’s stock worth $120,000 after purchasing an additional 5,295 shares in the last quarter. Foster & Motley Inc. purchased a new stake in shares of Infosys during the 3rd quarter worth $166,000. High Pointe Capital Management LLC purchased a new stake in shares of Infosys during the 3rd quarter worth $203,000. Equity Investment Corp boosted its position in shares of Infosys by 50.2% during the 3rd quarter. Equity Investment Corp now owns 15,100 shares of the technology company’s stock worth $220,000 after purchasing an additional 5,050 shares in the last quarter. Finally, Pillar Pacific Capital Management LLC purchased a new stake in shares of Infosys during the 3rd quarter worth $260,000. Institutional investors own 19.73% of the company’s stock.

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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.

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Earnings History and Estimates for Infosys (NYSE:INFY)

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