Frontline Plc reports results for the quarter ended September 30 - Earnings Summary
Frontline Plc FRO.N reported quarterly adjusted earnings of 34 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 36 cents. The mean expectation of nine analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 35 cents to 59 cents per share.
Revenue rose 30% to $490.32 million from a year ago; analysts expected $374.63 million.
Frontline Plc's reported EPS for the quarter was 27 cents.
The company reported quarterly net income of $60.46 million.
Frontline Plc shares had fallen by 20.9% this quarter and lost 9.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 20% in the last three months.
In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the oil & gas transportation services peer group is also "buy"
Wall Street's median 12-month price target for Frontline Plc is $34.50
This summary was machine generated from LSEG data November 27 at 02:30 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Sep. 30 2024 | 0.43 | 0.34 | Missed |
Jun. 30 2024 | 0.67 | 0.62 | Missed |
Mar. 31 2024 | 0.73 | 0.62 | Missed |
Dec. 31 2023 | 0.46 | 0.46 | Met |
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