Price Action Alert: What’s Next for Eros International plc After Today’s Significant Decline?

Price Action Alert: What's Next for Eros International plc After Today's Significant Decline?

The stock of Eros International plc (NYSE:EROS) is a huge mover today! The stock decreased 4.75% or $0.7 during the last trading session, hitting $14.05. About 262,518 shares traded hands or 44.91% up from the average. Eros International plc (NYSE:EROS) has risen 13.46% since April 27, 2016 and is uptrending. It has outperformed by 8.23% the S&P500.
The move comes after 6 months negative chart setup for the $794.93 million company. It was reported on Nov, 30 by Barchart.com. We have $13.21 PT which if reached, will make NYSE:EROS worth $47.70 million less.

Analysts await Eros International plc (NYSE:EROS) to report earnings on February, 15. They expect $0.20 EPS, up 385.71% or $0.27 from last year’s $-0.07 per share. EROS’s profit will be $11.32M for 17.56 P/E if the $0.20 EPS becomes a reality. After $-0.06 actual EPS reported by Eros International plc for the previous quarter, Wall Street now forecasts -433.33% EPS growth.

Eros International plc (NYSE:EROS) Ratings Coverage

Out of 3 analysts covering Eros International (NYSE:EROS), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Eros International has been the topic of 4 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Jefferies maintained it with “Buy” rating and $40 target price in Wednesday, August 12 report. On Wednesday, November 18 the stock rating was maintained by Jefferies with “Buy”. On Thursday, February 18 the stock rating was maintained by Macquarie Research with “Outperform”.

According to Zacks Investment Research, “Eros International Plc co-produces, acquires and distributes Indian language film content across multiple formats globally, including theatrical, television and digital channels. It distributes Indian-made films, known as Bollywood movies, in the United Kingdom, United States, Australia, the United Arab Emirates, and India. The Company releases Indian films that are subtitled or dubbed in local languages to Germany, Poland, Russia, Indonesia, Malaysia, Taiwan, Japan, South Korea, China and Arabic speaking countries. Eros International Plc is based in Douglas, the United Kingdom.”

More notable recent Eros International plc (NYSE:EROS) news were published by: Businesswire.com which released: “Eros Now Announces Distribution Partnership with Vodafone” on November 21, 2016, also Businesswire.com with their article: “Eros International Plc Reaffirms Successful Outcome of Audit Committee’s …” published on June 08, 2016, Businesswire.com published: “Eros International Plc Reports Second Quarter Fiscal Year 2017 Results” on November 11, 2016. More interesting news about Eros International plc (NYSE:EROS) were released by: Businesswire.com and their article: “Eros International Plc Reports Results for First Quarter FY 2017” published on September 09, 2016 as well as Businesswire.com‘s news article titled: “Eros International Plc Reports Free Cash Flow Positive Fiscal Year 2016 Results” with publication date: June 28, 2016.

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