Frontline Ltd. (NYSE:FRO) is reporting second quarter earnings results on Thursday 27th August 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.04 per share.
For the full year, analysts predict revenues of $ 1115.58 million, while looking forward to income of $ 2.48 per share.
Previous Quarter Performance
Frontline Ltd. communicated income for the first quarter of $ 0.91 per share, from the revenue of $ 411.82 million. Wall street analysts are predicting, FRO to report 1Q20 income of $ 0.90 per share from revenue of $ 300.79 million. The bottom line results beat street analysts by $ 0.01 or 1.11 percent, at the same time, top line results outshined analysts by $ 111.03 million or 36.91 percent.
Stock Performance
Shares of Frontline Ltd. traded low $ -0.10 or -1.19 percent on Wednesday, reaching $ 8.27 with volume of 2.17 million shares. Frontline Ltd. has traded high as $ 8.47 and has cracked $ 8.19 on the downward trend
The closing price of $ 8.27, representing a 37.44 % increase from the 52 week low of $ 6.09 and a 37.21 % decrease over the 52 week high of $ 13.33.
The company has a market capital of $ 1.63 billion and is part of the Industrials sector and Shipping & Ports industry.
Conference Call
Frontline Ltd. will be hosting a conference call at 9:00 AM eastern time on 27th August 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, 866 280 1157 Toll Free, and the passcode is 9782787 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/hou8f7yo
Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of August 13, 2019, the company owned and operated 63 vessels, which included very large crude carrier, Suezmax, and LR2/Aframax tankers with an aggregate capacity of approximately 12.2 million deadweight tons.
