Published on 18 Aug 2023 on Zacks via Yahoo Finance
Frontline (FRO) to Post Q2 Earnings: What's in the Offing?
Frontline Ltd. FRO is scheduled to release second-quarter 2023 earnings on Aug 24. The Zacks Consensus Estimate for earnings has been revised 13.9% upward to 90 cents per share over the past 60 days.
Against this backdrop, let’s delve into the factors that might have impacted Frontline’s June-quarter performance.
FRO’s performance in the second quarter is expected to have been affected by supply-chain disruptions. High operating expenses due to increased average number of vessels in its fleet and fuel expenses are likely to have hurt the bottom line. Even though fuel price has come down from the highs witnessed earlier, it still remains at an elevated level.