From Nasdaq:

Frontline (FRO) reached $20.93 in the last market close, recording a -0.9% movement compared to the previous day, falling behind the S&P 500’s 0.34% loss. Frontline’s shares saw a 10.06% increase over the previous month, outperforming the Transportation sector by a significant margin.

Frontline is expected to report earnings of $0.56 per share, representing a 42.27% decline. Meanwhile, its revenue is projected to be around $276.26 million, marking a 21.71% year-over-year decrease. Recent estimate revisions reflect analyst optimism about the company’s business and profitability.

Frontline currently holds a Zacks Rank #3 (Hold) and is being traded at a Forward P/E ratio of 6.51. The Transportation – Shipping industry currently ranks in the top 30% of all industries with a Zacks Industry Rank of 75. Investors should stay updated with these stock-moving metrics during the upcoming trading sessions.

Frontline has been listed amongst the Zacks Top 10 Stocks for 2024, featuring stocks with significant potential for the year. To find out more about these promising stocks, investors can access the new top 10 stocks portfolio released by Sheraz Mian of Zacks Investment Research.

Frontline’s latest stock analysis and progress can be viewed on Zacks.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



Read more: Frontline (FRO) Dips More Than Broader Market: What You Should Know