Frontline Ltd. (NYSE:FRO) is reporting third quarter financial results on Monday 30th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, FRO is expected to report 3Q20 income of $ 0.32 per share from revenue of $ 184.43 million.
For the full year, analysts anticipate top line of $ 987.30 million, while looking forward to income of $ 2.40 per share bottom line.
Previous Quarter Performance
Frontline Ltd. communicated income for the second quarter of $ 1.04 per share, from the revenue of $ 387.08 million. The quarterly revenues up 276.76 percent compared with the same quarter last year. Street analysts expected Frontline Ltd. to report income of $ 1.04 per share on revenue of $ 345.89 million for the second quarter. The top line results outshined analysts by $ 41.19 million or 11.91 percent.
Shares of Frontline Ltd. traded low $ -0.15 or -2.22 percent on Friday, reaching $ 6.61 with volume of 2.50 million shares. Frontline Ltd. has traded high as $ 6.78 and has cracked $ 6.55 on the downward trend
According to the previous trading day, closing price of $ 6.61, representing a 28.03 % increase from the 52 week low of $ 5.28 and a 49.29 % decrease over the 52 week high of $ 13.33.
The company has a market capital of $ 1.31 billion and is part of the Industrials sector and Shipping & Ports industry.
Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of August 13, 2019, the company owned and operated 63 vessels, which included very large crude carrier, Suezmax, and LR2/Aframax tankers with an aggregate capacity of approximately 12.2 million deadweight tons.