• Frontline Plc FRO.N reported quarterly adjusted earnings of 20 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 46 cents. The mean expectation of ten analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 18 cents to $1.28 per share.

• Revenue rose 2.6% to $425.64 million from a year ago; analysts expected $300.67 million.

• Frontline Plc's reported EPS for the quarter was 30 cents​.

• The company reported quarterly net income of $66.73 million.

• Frontline Plc shares had risen by 7.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 35.6% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the oil & gas transportation services peer group is also "buy"

Wall Street's median 12-month price target for Frontline Plc is $25.00

This summary was machine generated from LSEG data February 28 at 07:30 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)