Top Wall Street Forecasters Revamp Frontline Price Expectations Ahead Of Q2 Earnings
Portfolio Pulse from Avi Kapoor
Frontline plc (NYSE:FRO) is expected to report a decline in earnings and revenue for Q2, with analysts predicting earnings of 67 cents per share and revenue of $382.32 million. Despite a previous revenue beat in Q4 2023, analyst ratings vary, with some maintaining buy ratings and others adjusting price targets.
August 30, 2024 | 6:14 am
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NEGATIVE IMPACT
Frontline plc is expected to report lower earnings and revenue for Q2 compared to the previous year. Analysts have mixed ratings, with some maintaining buy ratings and others adjusting price targets.
The expected decline in earnings and revenue for Frontline plc suggests a negative short-term impact on the stock price. Analysts' mixed ratings, with some downgrading price targets, further indicate potential downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100