Frontline Earnings: Your Sneak Peek to the Big Announcement

Frontline (NYSE:FRO) will report earnings before markets open on Friday, May 31st. Frontline Limited owns a fleet of very large crude carriers and Suezmax tankers that transport crude oil and oil products between ports. The Company’s vessels are managed by ship management companies. Frontline conducts activities worldwide.

Here is your Cheat Sheet to Frontline Earnings:

Earnings Expectations: Analysts expect earnings of $-0.50 per share on revenues of $69.39 million.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.34 to a loss $0.47. For the current year, the average estimate is a loss of $1.79, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Frontline has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 2,104 1,133 1,165 810 668
Diluted EPS ($) 9.14 1.32 2.07 -6.80 -1.06

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 167.29 176.58 126.81 197.44
Diluted EPS ($) 0.09 -0.31 -0.63 -0.21

Past Performance:
Frontline has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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