Brokerages Expect Eros International plc (EROS) Will Announce Earnings of $0.15 Per Share

Analysts forecast that Eros International plc (NYSE:EROS) will announce $0.15 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Eros International’s earnings, with estimates ranging from $0.12 to $0.18. Eros International reported earnings of ($0.04) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 475%. The firm is scheduled to announce its next earnings results on Friday, July 27th.

On average, analysts expect that Eros International will report full year earnings of ($0.01) per share for the current year. For the next fiscal year, analysts anticipate that the company will report earnings of $0.47 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Eros International.

Eros International (NYSE:EROS) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). Eros International had a positive return on equity of 0.40% and a negative net margin of 2.33%. The business had revenue of $65.19 million for the quarter, compared to analyst estimates of $65.30 million.

Several equities research analysts have recently commented on EROS shares. Zacks Investment Research cut shares of Eros International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. TheStreet upgraded shares of Eros International from a “d+” rating to a “c-” rating in a research report on Monday, February 26th. Finally, ValuEngine cut shares of Eros International from a “hold” rating to a “sell” rating in a research report on Thursday, March 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $17.00.

Shares of NYSE:EROS remained flat at $$10.90 during trading on Friday. 177,579 shares of the stock traded hands, compared to its average volume of 430,315. Eros International has a 12 month low of $6.65 and a 12 month high of $16.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $548.76, a PE ratio of 218.00, a price-to-earnings-growth ratio of 1.51 and a beta of 0.67.

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Eros International Company Profile

Eros International Plc (Eros) is a holding company, which serves the Indian film entertainment industry. The Company’s principal activities include the acquisition, co-production and distribution of Indian films and related content. It distributes its film content through the distribution channels, such as theatrical, including multiplex chains and standalone theaters; television syndication, including satellite television broadcasting, cable television and terrestrial television; digital and ancillary, including music, inflight entertainment, home video, Internet protocol television (IPTV), video on demand (VOD), and Internet channels and Eros Now.

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