Earnings Whispers: Eros International plc (EROS) & Atwood Oceanics, Inc. (ATW)

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Earnings predictions for Eros International and Atwood Oceanics

Eros International plc (NYSE:EROS) and Atwood Oceanics, Inc. (NYSE:ATW) will report their financial results today. Eros International will post results for the second quarter of fiscal year 2017 (2QFY17) while Atwood will report 4QFY16 financial results. We analyze their historic performances and earnings forecasts. According to our research, it appears that both companies will surpass Street’s top-line estimates.

Eros International

According to Wall Street data, Eros International will post earnings per share (EPS) of six cents in for 2QFY17. The company posted EPS of 12 cents in the same quarter last year, indicating that Wall Street expects a 50% year-over-year (YoY) EPS decline. The motion picture company announced EPS of three cents in the preceding quarter.

Furthermore, consensus revenue estimate stands at $59.55 million. expects the company to outperform Wall Street’s top-line expectations with its revenue estimate of $61.1 million. Eros reported revenue of $71.1 million in the previous quarter.

Atwood Oceanics

For 4QFY16, Wall Street predicts Atwood Oceanics to post EPS of $0.58. Earnings are likely to decline considerably from the year-ago period. The company reported EPS of $0.98 in the last quarter.

Street analysts believe 4QFY16 revenue will come in at $191.84, down 47.18% YoY. The company reported $363.2 million in the same quarter last year. Revenue in 3QFY16 came in at $227.8 million. predicts revenue of $193.45 million for the quarter.

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