Frontline FRO releases its next round of earnings this Thursday, August 26. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.
Net Income, Earnings, And Earnings Per Share
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Frontline EPS will likely be near $-0.1 while revenue will be around $88.80 million, according to analysts. In the same quarter last year, Frontline posted EPS of $1.04 on sales of $387.08 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
The analyst consensus estimate would represent a 109.62% decline in the company's EPS figure. Sales would have fallen 77.06% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
---|---|---|---|---|
EPS Estimate | 0.32 | 0.32 | 0.32 | 1.04 |
EPS Actual | 0.04 | -0.10 | 0.29 | 1.04 |
Revenue Estimate | 184.43 M | 184.43 M | 184.43 M | 345.89 M |
Revenue Actual | 193.99 M | 174.87 M | 247.41 M | 387.08 M |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Over the past 52-week period, shares of Frontline have declined 3.67%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Frontline is scheduled to hold the call at 09:00:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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