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.
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 $1.79, which is worse than the estimate ninety days ago.
Here’s how Frontline has been performing on an annual basis:
|Revenue ($) 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|
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] wallstcheatsheet.com)