Frontline plc (NYSE:FRO) Q4 2023 Earnings Conference Call February 29, 2024 9:00 AM ET Company Participants Lars Barstad - CEO Inger Klemp - CFO Conference Call Participants Ben Mohr - Deutsche Bank Jonathan Chappell - Evercore ISI Greg Lewis - BTIG Sam Bland - J.P. Morgan Operator Good day and thank you for standing by. Welcome to the Q4 2023 Frontline plc Earnings Conference Call and Webcast. At this time, all participants are in a listen-only mode. [Operator Instructions] Please note that todayÂ’s confer ...

Fourth Quarter Presentation Feb 2024 Forward Looking Statements MATTERS DISCUSSED IN THIS DOCUMENT MAY CONSTITUTE FORWARD-LOOKING STATEMENTS. THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES SAFE HARBOR PROTECTIONS FOR FORWARD-LOOKING STATEMENTS IN ORDER TO ENCOURAGE COMPANIES TO PROVIDE PROSPECTIVE INFORMATION ABOUT THEIR BUSINESS. FORWARD-LOOKING STATEMENTS INCLUDE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, FUTURE EVENTS OR PERFORMANCE, AND UNDERLYING ASSUMPTIONS AND OTHER ST ...

Frontline (FRO) came out with quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.54%. A quarter ago, it was expected that this shipping company would post earnings of $0.46 per share when it actually produced earnings of $0.36, delivering a surprise of -21.74%.Over the last four quarters, the comp ...

Frontline Plc (FRO) is expected to report its fourth-quarter 2023 results on Feb 29, before market open.FRO has missed the Zacks Consensus Estimate for earnings in three of the last four quarters and met once, the average miss being 11.87%. The Zacks Consensus Estimate for earnings per share in the to-be-reported quarter has declined 7.1% over the past 60 days.Against this backdrop, let’s take a look at the factors that may have shaped the company’s December-quarter performance.FRO’s performance in the four ...

In the latest trading session, Frontline (FRO) closed at $23.07, marking a +0.26% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 2.11%. Elsewhere, the Dow saw an upswing of 1.18%, while the tech-heavy Nasdaq appreciated by 2.96%.The shipping company's stock has climbed by 5.41% in the past month, exceeding the Transportation sector's gain of 3.91% and the S&P 500's gain of 3.08%.The upcoming earnings release of Frontline will be of great interest to investors. The ...

In the stock market, certain companies stand out as potential game-changers, promising returns and transformative shifts in their respective sectors. Among these, three stocks are positioned at the forefront of their industries, ready to hit unparalleled growth. From energy and transportation to cutting-edge semiconductor technology, these companies are not merely reacting to market trends but shaping them. From fleet expansion strategies driving competitive edges to operational efficiencies fostering resil ...

Frontline (FRO) closed the most recent trading day at $21.48, moving -1.1% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.23% for the day. Meanwhile, the Dow gained 0.37%, and the Nasdaq, a tech-heavy index, added 0.07%.Prior to today's trading, shares of the shipping company had lost 0.28% over the past month. This has lagged the Transportation sector's gain of 0.29% and the S&P 500's gain of 5.3% in that time.The upcoming earnings release of Frontline ...

In the latest market close, Frontline (FRO) reached $21.16, with a -1.86% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.29%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq increased by 0.43%.Heading into today, shares of the shipping company had gained 0.42% over the past month, outpacing the Transportation sector's loss of 2.99% and lagging the S&P 500's gain of 2.08% in that time.The investment community will be paying close ...

In the latest trading session, Frontline (FRO) closed at $22.49, marking a +0.99% move from the previous day. This change outpaced the S&P 500's 0.56% loss on the day. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 0.59%.Shares of the shipping company witnessed a gain of 7.79% over the previous month, beating the performance of the Transportation sector with its loss of 3.94% and the S&P 500's gain of 1.2%.The investment community will be closely monitoring the perfo ...

Key PointsIsrael-based ZIM Shipping shares have risen 36% year-to-date (YTD) despite the Red Sea disruptions from Houthi attacks on shipping vessels.Spot freight rates from China to some European destinations have skyrocketed up to 133%.ZIM Shipping has a 24.79% short interest.5 stocks we like better than ZIM Integrated Shipping ServicesThe Houthi attacks on cargo ships in the Red Sea have caused widespread disruptions and economic ramifications for the transportation sector, with cargo and dry bulk shippin ...