Frontline PLC (FRO, Financial) is set to release its Q2 2024 earnings on Aug 30, 2024. The consensus estimate for Q2 2024 revenue is $382.32 million, and the earnings are expected to come in at $0.78 per share. The full year 2024's revenue is expected to be $1.76 billion and the earnings are expected to be $3.59 per share. More detailed estimate data can be found on the Estimates page.
Frontline PLC (FRO, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Frontline PLC (FRO) for the full year 2024 have increased from $1.75 billion to $1.76 billion, and for 2025 from $1.85 billion to $1.85 billion. Earnings estimates for the full year 2024 have increased from $3.52 per share to $3.59 per share. However, earnings estimates for 2025 have declined from $3.99 per share to $3.53 per share.
Frontline PLC (FRO, Financial) Reported History
In the previous quarter of March 31, 2024, Frontline PLC's (FRO) actual revenue was $578.40 million, which beat analysts' revenue expectations of $387.49 million by 49.27%. Frontline PLC's (FRO) actual earnings were $0.81 per share, which missed analysts' earnings expectations of $0.87 per share by -6.57%. After releasing the results, Frontline PLC (FRO) was down by -2.65% in one day.
Frontline PLC (FRO, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 2 analysts, the average target price for Frontline PLC (FRO) is $35 with a high estimate of $37 and a low estimate of $33. The average target implies an upside of 50.09% from the current price of $23.32.
Based on GuruFocus estimates, the estimated GF Value for Frontline PLC (FRO, Financial) in one year is $19.07, suggesting a downside of -18.22% from the current price of $23.32.
Based on the consensus recommendation from 3 brokerage firms, Frontline PLC's (FRO, Financial) average brokerage recommendation is currently 2.3, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
