Frontline Earnings: Here’s Why Investors are Not Excited Now

Frontline Ltd. (NYSE:FRO) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 12.84%.

Frontline Ltd. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-1.54 in the quarter versus EPS of $-0.21 in the year-earlier quarter.

Revenue: Decreased 33.3% to $121.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Frontline Ltd. reported adjusted EPS loss of $1.54 per share. By that measure, the company missed the mean analyst estimate of $-0.50. It beat the average revenue estimate of $47.64 million.

Key Stats (on next page)…

Revenue decreased 10.3% from $135.11 million in the previous quarter. EPS decreased to $-1.54 in the quarter versus EPS of $-0.36 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.49 to a loss $0.46. For the current year, the average estimate has moved up from a loss of $1.76 to a loss of $1.52 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)