EARNINGS SURPRISE IN FOCUS – AMIRA NATURE FOODS LTD (NYSE:ANFI)
06/26/2015

Amira Nature Foods Ltd (NYSE:ANFI) reported earnings per share of $0.38 for the fiscal period ending on 2014-12-31, an earnings surprise factor of 11.76%.

Online PR News – 26-June-2015 – delhi – An earnings surprise is the calculated difference between a firm’s expected earnings numbers provided by Wall Street analysts and the actual reported numbers. A significant surprise factor often triggers sharp movements in the share price following the earnings release. For the most recent quarter, Amira Nature Foods Ltd (NYSE:ANFI) reported earnings per share of $0.38 for the fiscal period ending on 2014-12-31, an earnings surprise factor of 11.76%. The actual number was $0.04 away from the brokerage firm consensus estimates. The sales surprise factor in per share dollar terms was $11.4 for the most recent quarter or 6.298%.

Amira Nature Foods Ltd (NYSE:ANFI) is next scheduled to report quarterly earnings on 2015-06-29. Sell-side brokerages are expecting the company to report earnings of $0.49 per share, according to the 3 covering analysts that were polled by Zacks Research. Shareholders will be closely monitoring how the estimates fluctuate leading up to the expected report date.

In terms of price targets, sell-side brokerage firms are projecting that the stock will reach the range of $17-27. The average number taken from the 3 surveyed analysts, often referred to as the consensus price target, stands at $20.666.

Using a simplified 1 to 5 rating system produces a score of 1.33 for Amira Nature Foods Ltd, where 1 represents a Strong Buy rating and 5 would indicate a Strong Sell rating. In taking a look at the recent analyst sentiment, three months ago the rating mean stood at 1.33.

Amira Nature Foods Ltd. is a provider of packaged Indian specialty rice, with sales in over 40 countries. It generates the majority of its revenue through the sale of Basmati rice, a long-grain rice grown only in certain regions of the Indian sub-continent. The Company sells its products, primarily in emerging markets, through a distribution network. It sells its Amira brand in more than 25 countries.