• Frontline Plc FRO.N reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 62 cents. The mean expectation of eight analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 14 cents to 36 cents per share.

• Revenue fell 26% to $427.87 million from a year ago; analysts expected $264.19 million.

• Frontline Plc's reported EPS for the quarter was 15 cents​.

• The company reported quarterly net income of $33.29 million.

• Frontline Plc shares had risen by 15.7% this quarter and gained 21.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 53.4% 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," no "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 May 23 at 01:30 p.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)