Frontline plc (NYSE:FRO) will release its third quarter earnings results before the market opens on Wednesday, November 27.
Analysts expect Frontline to report quarterly earnings of 38 cents per share. That’s up from 36 cents per share last year. The Limassol, Cyprus-based company is projected to report quarterly revenue of $317.59 million, compared to $232.03 million a year ago, according to data from Benzinga Pro.
On August 30, Frontline reported better-than-expected second-quarter sales results.
Frontline shares fell 5% to close at $18.07 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Stock Analyst Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change, or other variables.
Let’s take a look at how Benzinga’s most accurate analysts have rated the company in the recent period.
- Jefferies analyst Omar Nokta maintained a Buy rating and lowered the price target from $30 to $26 on Nov. 14. This analyst has an accuracy rate of 70%.
- BTIG analyst Gregory Lewis upgraded the rating from Neutral to Buy with a $30 price target on October 7. This analyst has an accuracy rate of 76%.
- Evercore ISI Group analyst Jonathan Chappell maintained an Overweight rating and lowered the price target from $33 to $32 on July 23. This analyst has an accuracy rate of 70%.
- JP Morgan analyst Samuel Bland maintained a Neutral rating and lowered the price target from $23 to $22.3 on March 1. This analyst has an accuracy rate of 72%.
- Deutsche Bank analyst Amit Mehrotra upgraded the rating from Hold to Buy with a price target of $26 on January 9. This analyst has an accuracy rate of 72%.
Are you considering buying FRO shares? Here’s what analysts think:
For more updates on this topic, activate Benzinga Spain notifications or follow us on our social networks: x and Facebook.
Receive exclusive information on market movements 30 minutes before other traders
Benzinga Pro’s 14-day free trial, available in English, gives you access to exclusive information so you can receive useful trading signals before millions of other traders. CLICK HERE to start your free trial.
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
