DEXWireNews

(FRO) Surges in value As Market Takes a Dip

Long
NYSE:FRO   Frontline Plc
In the latest trading session, Frontline (FRO) closed at $20.39, marking a +0.99% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.63% for the day. Meanwhile, the Dow lost 0.51%, and the Nasdaq, a tech-heavy index, lost 0.63%.

Shares of the shipping company have appreciated by 20.83% over the course of the past month, outperforming the Transportation sector's loss of 2.4% and the S&P 500's loss of 2.35%.

Investors will be eagerly watching for the performance of Frontline in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.45, signifying a 21.62% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $250.3 million, indicating a 19.85% increase compared to the same quarter of the previous year.

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