WNS (WNS) Draws Bullish Attention After Forming Bullish Wedge Up

July 16, 2018 - By Billy Entrekin

WNS (NYSE:Holdings Limited) Logo

The stock of WNS (WNS) formed an up wedge with $57.75 target or 9.00 % above today’s $52.98 share price. The 9 months wedge indicates low risk for the $2.67 billion company. If the $57.75 price target is reached, the company will be worth $240.48 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.64% or $0.34 during the last trading session, reaching $52.98. About 100,259 shares traded. WNS (NYSE:Holdings Limited) has 0.00% since July 16, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await WNS (NYSE:Holdings Limited) to report earnings on July, 19. They expect $0.40 earnings per share, up 8.11 % or $0.03 from last year’s $0.37 per share. WNS’s profit will be $20.17 million for 33.11 P/E if the $0.40 EPS becomes a reality. After $0.57 actual earnings per share reported by WNS for the previous quarter, Wall Street now forecasts -29.82 % negative EPS growth.

WNS Limited, a business process management company, provides data, voice, analytical, and business transformation services worldwide. The company has market cap of $2.67 billion. It operates through two divisions, WNS Global BPM and WNS Auto Claims BPM. It has a 32.5 P/E ratio. The firm offers industry-specific services to clients primarily in the insurance; travel and leisure; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunications; utilities; consulting and professional services; healthcare; banking and financial services; and shipping and logistics industries.

WNS (NYSE:Holdings Limited) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.