), an owner and operator of oil tankers, could be an interesting
play for investors. That is because, not only does the stock have
decent short-term momentum, but it is seeing solid activity on the
earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts
are becoming more optimistic on FRO's earnings for the coming
quarter and year. In fact, consensus estimates have moved sharply
higher for both of these time frames over the past four weeks,
suggesting that Frontline could be a solid choice for investors.
Current Quarter Estimates for FRO
In the past 30 days, 3 estimates have gone higher for Frontline
while none of the estimates moved lower in the same time period.
The trend has been pretty favorable too, with estimates narrowing
from a loss of 36 cents a share 30 days ago, to loss of 25 cents
today, a move of 30.6%.
Current Year Estimates for FRO
Meanwhile, Frontline's current year figures are also looking quite
promising, with 1 estimate moving higher in the past month,
compared to no downward revision. The consensus estimate trend has
also seen a boost for this time frame, narrowing from a loss of
$1.68 per share 30 days ago to loss of $1.46 per share today, an
increase of 13.1%.
The stock has also started to move higher lately, adding more than
29.1% over the past four weeks suggesting that investors are
starting to take note of this impressive story. So investors may
definitely want to consider this Zacks Rank #3 (Hold) stock to
profit in the near future.
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