A Preview Of Frontline's Earnings

Frontline FRO releases its next round of earnings this Thursday, August 27. Here's Benzinga's essential guide to Frontline's Q2 earnings report.

Earnings and Revenue

Analysts predict Frontline will report earnings of $1.04 per share on revenue of $345.89 million. Frontline EPS in the same period a year ago totaled $0.02. Sales were $193.41 million. If the company were to post earnings inline with the consensus estimate when it reports Thursday, EPS would be up 5100.0%. Revenue would be up 14.99% on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate 0.90 0.69 -0.08 -0.07
EPS Actual 0.91 0.54 -0.06 0.02
Revenue Estimate 300.79 M 254.01 M 97.43 M 96.52 M
Revenue Actual 411.82 M 338.00 M 187.64 M 193.41 M

Stock Performance

Shares of Frontline were trading at $8.37 as of August 26. Over the last 52-week period, shares are down 3.68%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Frontline is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/hou8f7yo

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FROFrontline PLC
$18.86-3.55%

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