Analyst Consensus ?
ConsensusHold22 ratings
Bullish836.4%
Neutral1045.4%
Bearish418.2%
Frontline Plc · FRO · FY2025 Q3 · Calendar Q4 2025
Frontline sees strong tanker cash potential but flags sanctions and rate volatility
The supplied analysis supports a constructive but conditional view: stronger oil export flows, firm refinery margins and constrained modern tonnage support tanker earnings and cash generation, while sanctions, fleet aging and rate volatility could weaken the outlook.
Reported Before market openNYSEIndustrials
$11.97B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.19
Consensus $0.27
EPS surprise
-28.8%
Reported versus consensus
Reported revenue
$248.2M
Consensus $262.1M
Revenue surprise
-5.3%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+3.6%
Event window
SPY move
+1.0%
Same window
Abnormal move
+2.6%
Stock minus SPY
Volume
1.8×
Versus trailing sessions
Subsequent drift
-15.7%
Up to 20 sessions
FROSPY benchmark
Ask FN2 about FRO FY2025 Q3
Transcript, numbers and history already loaded
Why did FRO rise 3.6% after missing EPS estimates in FY2025 Q3?What changed in FRO's guidance and outlook in FY2025 Q3?Give me the bull and bear case for FRO after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis highlighted 75% of VLCC days booked at $83,300 per day, no newbuilding commitments, and $374.2 million of debt prepayment. It also identified a potential LR2 divestiture and emphasized cautious balance-sheet management.
Guidance delta
Guidance sentiment was maintained; no quantified guidance change was supplied.
Key takeaways
- Management emphasized strong cash-generation potential from higher TCE rates across VLCC, Suezmax and LR2 vessels.
- The company is prioritizing fleet optimization, shareholder returns and balance-sheet strength, with no newbuilding commitments.
- The outlook depends on oil export volumes, refinery margins and limited modern tonnage supply.
- Sanctions, aging-vessel economics and spot-rate volatility remain material risks.
Management priorities
- Maintain cash generation and shareholder returns.
- Optimize the existing fleet without newbuilding commitments.
- Focus on VLCC and Suezmax assets, with a potential LR2 divestiture.
- Prepay debt while remaining cautious about aggressive deleveraging.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$52.24Current
$12.49Low
$33.78Average
$70High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 6, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| BTIG | Buy | Buy | Maintain | Sep 18, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Aug 31, 2026 |
| Jefferies | Buy | Buy | Maintain | Nov 21, 2025 |
| JP Morgan | Neutral | Neutral | Maintain | Mar 1, 2024 |
| Deutsche Bank | Buy | Hold | Upgrade | Jan 9, 2024 |
| HC Wainwright & Co. | Neutral | Neutral | Maintain | May 25, 2022 |
| Danske Bank | Hold | Buy | Downgrade | Nov 24, 2020 |
| DNB Markets | Buy | Hold | Upgrade | May 28, 2020 |
| Wells Fargo | Market Perform | Outperform | Downgrade | Jan 10, 2019 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Nov 19, 2018 |
| BTIG Research | Neutral | Neutral | Maintain | Sep 27, 2018 |
| Clarksons Platou | Buy | Neutral | Upgrade | Feb 16, 2016 |
| Nordea | Buy | Neutral | Upgrade | Jan 14, 2016 |
| Seaport Global | Buy | Buy | Maintain | Dec 17, 2015 |
| Credit Suisse | Neutral | Underperform | Upgrade | Nov 25, 2015 |
| Imperial Capital | Underperform | Underperform | Maintain | Sep 24, 2013 |
| RS Platou Markets | Sell | Neutral | Downgrade | Sep 3, 2013 |
| Global Hunter Securities | Sell | Sell | Maintain | Apr 17, 2013 |
| Dahlman Rose | Buy | Buy | Maintain | Aug 29, 2012 |
| Goldman Sachs | Neutral | Sell | Upgrade | Aug 24, 2012 |
| Clarkson Capital Markets | Perform | Market Perform | Maintain | May 25, 2012 |
| Fondsfinans | Sell | Sell | Maintain | May 24, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $52.24. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| BTIG | Analyst unavailable | $70 | $54.03 | +34.0% | Sep 18, 2026 |
| Evercore ISI | Jonathan Chappell | $42 | $37.95 | -19.6% | Feb 27, 2026 |
| BTIG | Analyst unavailable | $35 | $28.84 | -33.0% | Feb 4, 2026 |
| Evercore ISI | Analyst unavailable | $26 | $24.06 | -50.2% | Oct 28, 2025 |
| Kepler Capital | Analyst unavailable | $12.49 | $14.91 | -76.1% | Mar 27, 2025 |
| Evercore ISI | Jonathan Chappell | $25 | $16.98 | -52.1% | Nov 27, 2024 |
| BTIG | Gregory Lewis | $30 | $25.68 | -42.6% | Oct 7, 2024 |
| Jefferies | Omar Nokta | $30 | $23.44 | -42.6% | Mar 21, 2024 |
| Deutsche Bank | Amit Mehrotra | $26 | $21.68 | -50.2% | Jan 9, 2024 |
| Deutsche Bank | Amit Mehrotra | $17 | $13.92 | -67.5% | Jun 29, 2023 |
Track every rating change on FRO the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationFrontline plc, a shipping company, engages in the ownership and operation of oil and product tankers worldwide. The company owns and operates oil and product tankers, such as very large crude carriers (VLCCs), Suezmax tankers, and LR2/Aframax tankers. As of December 31, 2025, it operated a fleet of 80 vessels, including 41 VLCCs, 21 Suezmax tankers, and 18 LR2/Aframax tankers. The company is also involved in the charter, purchase, and sale of vessels. Frontline plc was founded in 1985 and is based in Limassol, Cyprus.
Historical context
All FRO earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| CTAS Cintas Corporation | FY2027 Q1 · Calendar Q3 2026 | +3.0% | -3.4% | Cintas raises FY2027 guidance as Q1 growth broadens |
| PAYX Paychex, Inc. | FY2027 Q1 · Calendar Q3 2026 | +1.5% | -8.8% | Paychex maintains FY27 outlook as PEO and AI momentum strengthen |
| FPS Forgent Power Solutions, Inc. | FY2026 Q4 · Calendar Q3 2026 | +4.3% | +9.5% | Forgent Power Solutions pairs record results with an aggressive FY27 buildout |
| CPRT Copart, Inc. | FY2026 Q4 · Calendar Q3 2026 | -8.7% | -2.6% | Copart pairs international growth with ACV investment amid higher costs |
| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the FRO recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-06T13:00:46.012409+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-06T13:00:46.009470+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-06. For educational purposes only; not investment advice.