NEW YORK (TheStreet) -- Eros International (EROS) shares closed trading up 3.19% to $21.97 on heavy volume Wednesday after the Indian film entertainment company reported its fourth quarter earnings results before the opening bell today.
The Mumbai-based company earned $17.4 million, or an adjusted 31 cents per diluted share during the quarter, on revenue of $88.5 million, a 40% increase over the same period last year.
Analysts on average were expecting the company to report earnings of 28 cents per share on revenue of $86.7 million.
TheStreet Ratings team rates EROS INTERNATIONAL PLC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate EROS INTERNATIONAL PLC (EROS) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: EROS Ratings Report