Equities research analysts expect Eros International PLC (NYSE:EROS) to post $52.05 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Eros International PLC’s earnings, with the lowest sales estimate coming in at $45.20 million and the highest estimate coming in at $58.90 million. Eros International PLC reported sales of $71.88 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 27.6%. The business is expected to announce its next earnings report before the market opens on Friday, October 6th.

On average, analysts expect that Eros International PLC will report full-year sales of $52.05 million for the current fiscal year, with estimates ranging from $253.10 million to $294.70 million. For the next year, analysts anticipate that the business will post sales of $335.00 million per share, with estimates ranging from $305.30 million to $364.70 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Eros International PLC.

Eros International PLC (NYSE:EROS) last announced its quarterly earnings results on Friday, October 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). The business had revenue of $60.83 million during the quarter. Eros International PLC had a net margin of 0.20% and a return on equity of 0.03%.

Several equities research analysts have issued reports on EROS shares. Jefferies Group LLC restated a “buy” rating and set a $15.00 price objective (down from $18.00) on shares of Eros International PLC in a report on Monday, July 31st. TheStreet downgraded Eros International PLC from a “c” rating to a “d+” rating in a report on Friday, July 28th. BidaskClub upgraded Eros International PLC from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Wells Fargo & Company restated an “outperform” rating and set a $17.00 price objective (up from $16.00) on shares of Eros International PLC in a report on Monday, October 9th. Finally, Zacks Investment Research downgraded Eros International PLC from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $17.00.

TRADEMARK VIOLATION NOTICE: “Brokerages Anticipate Eros International PLC (EROS) Will Announce Quarterly Sales of $52.05 Million” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/22/brokerages-anticipate-eros-international-plc-eros-will-announce-quarterly-sales-of-52-05-million.html.

Several institutional investors and hedge funds have recently modified their holdings of EROS. Bank of New York Mellon Corp grew its position in shares of Eros International PLC by 3.4% in the 1st quarter. Bank of New York Mellon Corp now owns 119,483 shares of the company’s stock worth $1,230,000 after acquiring an additional 3,897 shares in the last quarter. American International Group Inc. grew its position in shares of Eros International PLC by 7.1% in the 1st quarter. American International Group Inc. now owns 18,219 shares of the company’s stock worth $188,000 after acquiring an additional 1,205 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Eros International PLC in the 1st quarter worth approximately $256,000. Boston Common Asset Management LLC grew its position in shares of Eros International PLC by 34.8% in the 1st quarter. Boston Common Asset Management LLC now owns 20,745 shares of the company’s stock worth $214,000 after acquiring an additional 5,350 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Eros International PLC in the 2nd quarter worth approximately $28,711,000. Institutional investors own 56.08% of the company’s stock.

Eros International PLC (EROS) opened at 13.20 on Friday. The firm’s market capitalization is $800.29 million. Eros International PLC has a one year low of $6.65 and a one year high of $18.85. The company has a 50-day moving average price of $13.79 and a 200-day moving average price of $11.11.

About Eros International PLC

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.

Get a free copy of the Zacks research report on Eros International PLC (EROS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Eros International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eros International PLC and related companies with MarketBeat.com's FREE daily email newsletter.