Frontline (NYSE: FRO ) is expected to report Q3 earnings on Nov. 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Frontline's revenues will drop -29.9% and EPS will remain in the red.
The average estimate for revenue is $71.4 million. On the bottom line, the average EPS estimate is -$0.47.
Last quarter, Frontline logged revenue of $109.6 million. GAAP reported sales were 20% lower than the prior-year quarter's $219.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.14. GAAP EPS were -$0.31 for Q2 compared to -$0.45 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 36.3%, 440 basis points better than the prior-year quarter. Operating margin was 5.1%, 10 basis points better than the prior-year quarter. Net margin was -13.8%, 230 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $354.8 million. The average EPS estimate is -$1.15.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Frontline is underperform, with an average price target of $4.39.
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