Eros International Fiscal Q1 EPS Beats Views, Revenue Misses (NYSE:EROS)


Eros International (NYSE:EROS) said Friday that its fiscal Q1 net income increased to $0.31 per share from $0.02 a year ago, exceeding the $0.11 average estimate form analysts polled by Capital IQ. Revenue in the quarter ended June 30 rose 42.2% to $71.1 million, but missed the $74.9 million consensus estimate. The company said its Eros Now service crossed its full year target of a million paying subscribers in the first quarter and that it hopes to maintain this momentum and achieve at least 2 million paying subscribers by the end of FY 2017 and 5 million paying subscribers by end of FY 18. Eros Now has a 5-year target of at least 15-20 million subscribers worldwide with a blended annual ARPU of $5 from India and $30 internationally with 80 percent of the target subscribers from India and the remaining 20% internationally.

The stock decreased 0.93% or $0.15 during the last trading session, hitting $15.92. About 189,207 shares traded hands or 22.55% up from the average. Eros International plc (NYSE:EROS) has risen 121.35% since February 8, 2016 and is uptrending. It has outperformed by 104.86% the S&P500.

Eros International Plc is a holding company, which serves the Indian film entertainment industry. The company has a market cap of $968.43 million. The Company’s principal activities include the acquisition, co-production and distribution of Indian films and related content. It has a 263.79 P/E ratio. 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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