The company’s mean estimate for sales for the current quarter ending Jun-16 is 1.70 billion by 5 analysts. The means estimate of sales for the year ending Dec-16 is 6.77 billion by 6 analysts.
The mean price target for the shares of ARRIS International plc (NASDAQ:ARRS) is at 33.00 while the highest price target suggested by the analysts is 40.00 and low price target is 27.00. The mean price target is calculated keeping in view the consensus of 6 brokerage firms.
The average estimate of EPS for the current fiscal quarter for ARRIS International plc (NASDAQ:ARRS) stands at 0.65 while the EPS for the current year is fixed at 2.61 by 6 analysts.
The next one year’s EPS estimate is set at 3.09 by 6 analysts while a year ago the analysts suggested the company’s EPS at 2.61. The analysts also projected the company’s long-term growth at 20% for the upcoming five years.
In its latest quarter ended on 31st March 2016, ARRIS International plc (NASDAQ:ARRS) reported earnings of $0.47. The posted earnings topped the analyst’s consensus by $0.07 with the surprise factor of 17.50%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
ARRIS International plc provides media entertainment and data communications solutions in the United States and internationally. It operates through two segments, Customer Premises Equipment and Network & Cloud. The Customer Premises Equipment segment offers various product solutions, including set-top boxes, gateways, digital subscriber lines and cable modems, and embedded multimedia terminal adapters and voice/data modems that enable service providers to offer voice, video, and high-speed data services to residential and business subscribers. The Network & Cloud segment provides cable modem termination system, converged cable access platform, multichannel video programming distributors, programmer equipment, Ad insertion technologies, and equipment in the ground or on transmission poles, as well as equipment used to initiate the distribution of content-carrying signals. This segment also offers technical support, professional services, and systems integration capabilities; software products that enable providers to deliver user experiences; multiscreen recommendations, offer management, and advertising services; network management products that collect information from the broadband network; and workforce management solutions enabling service providers to efficiently manage and dispatch field technicians, as well as network surveillance and issue correlation software and services. The company was formerly known as ARRIS Group, Inc. and changed its name to ARRIS International plc in January 2016. ARRIS International plc was founded in 1969 and is headquartered in Suwanee, Georgia.
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