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Can Frontline (FRO) Run Higher on Strong Earnings Estimate Revisions? - Tale of the Tape

Frontline Ltd. ( FRO ) is a Bermuda-based major tanker company that 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, none estimates have gone higher or lower for Frontline. The trend has been pretty favorable, with loss estimates narrowing from 10 cents a share 30 days ago, to 5 cents today, a move of 50%.

Current Year Estimates for FRO

Meanwhile, Frontline's current year figures are also looking quite promising, with the consensus estimate narrowing down from 30 cents per share 30 days ago to 27 cents per share today, an improvement of 10%. However, no upward or downward estimate revision was observed in the past month.

Bottom Line

The stock has also started to move higher lately, adding 13.4% 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 #2 (Buy) stock to profit in the near future.

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FRONTLINE LTD (FRO): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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