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Frontline (FRO) Stock Moves -0.92%: What You Should Know
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Frontline (FRO - Free Report) closed at $22.69 in the latest trading session, marking a -0.92% move from the prior day. This change was narrower than the S&P 500's daily loss of 1.61%. Meanwhile, the Dow lost 0.82%, and the Nasdaq, a tech-heavy index, lost 2.23%.
The the stock of shipping company has risen by 13.59% in the past month, leading the Transportation sector's loss of 1.49% and the S&P 500's gain of 3.28%.
Market participants will be closely following the financial results of Frontline in its upcoming release. The company is expected to report EPS of $0.56, down 42.27% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $268.18 million, indicating a 24% decline compared to the corresponding quarter of the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Frontline. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.62% fall in the Zacks Consensus EPS estimate. Right now, Frontline possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Frontline is currently being traded at a Forward P/E ratio of 7.1. For comparison, its industry has an average Forward P/E of 7.8, which means Frontline is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 75, this industry ranks in the top 30% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Frontline (FRO) Stock Moves -0.92%: What You Should Know
Frontline (FRO - Free Report) closed at $22.69 in the latest trading session, marking a -0.92% move from the prior day. This change was narrower than the S&P 500's daily loss of 1.61%. Meanwhile, the Dow lost 0.82%, and the Nasdaq, a tech-heavy index, lost 2.23%.
The the stock of shipping company has risen by 13.59% in the past month, leading the Transportation sector's loss of 1.49% and the S&P 500's gain of 3.28%.
Market participants will be closely following the financial results of Frontline in its upcoming release. The company is expected to report EPS of $0.56, down 42.27% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $268.18 million, indicating a 24% decline compared to the corresponding quarter of the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Frontline. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.62% fall in the Zacks Consensus EPS estimate. Right now, Frontline possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Frontline is currently being traded at a Forward P/E ratio of 7.1. For comparison, its industry has an average Forward P/E of 7.8, which means Frontline is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 75, this industry ranks in the top 30% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.