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Frontline (FRO) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Frontline (FRO - Free Report) closed at $15.56, marking a -0.83% move from the previous day. This move lagged the S&P 500's daily loss of 0.02%. Meanwhile, the Dow gained 0.23%, and the Nasdaq, a tech-heavy index, lost 0.12%.
Coming into today, shares of the shipping company had gained 17.44% in the past month. In that same time, the Transportation sector gained 7.11%, while the S&P 500 gained 5.14%.
Investors will be hoping for strength from Frontline as it approaches its next earnings release. The company is expected to report EPS of $1.01, up 380.95% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $353.46 million, up 122.03% from the year-ago period.
FRO's full-year Zacks Consensus Estimates are calling for earnings of $2.81 per share and revenue of $1.15 billion. These results would represent year-over-year changes of +77.85% and +40.02%, respectively.
Investors should also note any recent changes to analyst estimates for Frontline. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.6% lower. Frontline is currently a Zacks Rank #5 (Strong Sell).
Looking at its valuation, Frontline is holding a Forward P/E ratio of 5.58. This represents a discount compared to its industry's average Forward P/E of 7.16.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 189, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Frontline (FRO) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Frontline (FRO - Free Report) closed at $15.56, marking a -0.83% move from the previous day. This move lagged the S&P 500's daily loss of 0.02%. Meanwhile, the Dow gained 0.23%, and the Nasdaq, a tech-heavy index, lost 0.12%.
Coming into today, shares of the shipping company had gained 17.44% in the past month. In that same time, the Transportation sector gained 7.11%, while the S&P 500 gained 5.14%.
Investors will be hoping for strength from Frontline as it approaches its next earnings release. The company is expected to report EPS of $1.01, up 380.95% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $353.46 million, up 122.03% from the year-ago period.
FRO's full-year Zacks Consensus Estimates are calling for earnings of $2.81 per share and revenue of $1.15 billion. These results would represent year-over-year changes of +77.85% and +40.02%, respectively.
Investors should also note any recent changes to analyst estimates for Frontline. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.6% lower. Frontline is currently a Zacks Rank #5 (Strong Sell).
Looking at its valuation, Frontline is holding a Forward P/E ratio of 5.58. This represents a discount compared to its industry's average Forward P/E of 7.16.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 189, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.