Earnings Outlook For Frontline
Portfolio Pulse from Benzinga Insights
Frontline (NYSE:FRO) is expected to release its quarterly earnings report on Thursday, 2023-11-30, with an estimated EPS of $0.45. Investors are looking for an earnings beat and positive guidance for future growth. Historically, FRO's stock price has reacted to past earnings performances, with a mix of positive and negative post-earnings price changes. Shares are currently trading at $21.63, up 54.49% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
November 29, 2023 | 2:01 pm
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Frontline is anticipated to report quarterly earnings with an EPS estimate of $0.45. A history of mixed stock reactions to earnings performance and a 54.49% annual increase in share price suggest a bullish outlook.
Given the positive historical share price increase of 54.49% over the past year and the potential for an earnings beat, there is a bullish sentiment that could lead to a short-term positive impact on FRO's stock price. However, the actual impact will heavily depend on whether the earnings beat expectations and the guidance provided for the next quarter.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100