Weakness Seen in Eros International (EROS): Stock Falls 5.2%

Zacks


Eros International Plc (EROS) saw a big move in the last trading session, as the company’s shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for EROS, as the stock is now down nearly 14% since Jun 17.

The company, which co-produces, acquires, and distributes Indian language films in various formats worldwide, has not seen any estimate revision over the past month, though the current year earnings consensus has moved higher over the last few weeks. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

EROS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the Consumer Discretionary sector may consider better-ranked stocks like Michael Kors Holdings Limited (KORS), Strayer Education Inc. (STRA) and DeVry Education Group Inc. (DV), each carrying a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>





EROS INTERNATIONAL PLC (EROS): Free Stock Analysis Report

MICHAEL KORS HOLDINGS LTD (KORS): Free Stock Analysis Report

STRAYER EDUCATION INC (STRA): Free Stock Analysis Report

DEVRY EDUCATION GROUP INC (DV): Free Stock Analysis Report


Zacks Investment Research

Rates

View Comments (0)