This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Big Tech Companies' Earnings: It's Do or Die

NEW YORK (TheStreet) -- Big companies start reporting earnings next week, the least of which are tech firms, whose fortunes could revive the moribund equity markets.

Infosys Ltd. (ADR) (INFY)

Infosys designs technology-enabled business services. The company was founded in 1981 and is headquartered in Bangalore, India. Infosys trades an average of 2 million shares per day and has a market cap of $26.4 billion.

Infosys is expected to report good first-quarter earnings after the market closes on July 11. The consensus estimate is currently 73 cents a share, an improvement of 6 cents (8.2%) from 67 cents during the same period last year.

Analyst opinion is mixed. Most don't think a "buy" or "sell" is warranted. Right now, INFY has one "buy" recommendation out of 17 analysts covering the company, 15 "holds," and one "sell." Shareholders have not been rewarded for their patience, as the stock has fallen 30.7% in the past year. The average analyst target price for INFY is $50.73.

The trailing 12-month price-to-earnings ratio is 15.4, and the mean fiscal year estimate price-to-earnings ratio is 14.94, based on earnings of $3.08 per share this year. Investors are receiving 65 cents in dividends for a yield of 1.42%.

The stock has risen 2.45% in the past month, but has still fallen 21% since the latest earnings release April 13. (On that day, the stock plunged 13.5%.) It's not far off the 52-week low of $42.10 a share.

For the same fiscal period year-over-year, Infosys revenue has improved to $6.04 billion compared with $4.80 billion. Earnings rose year-over-year to $1.50 billion from $1.31 billion.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,960.57 -123.23 -0.72%
S&P 500 1,978.34 -9.64 -0.48%
NASDAQ 4,449.5640 -22.5440 -0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs