La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Frontline a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Frontline..

Frontline (NYSE:FRO) Azioni, Catena delle Opzioni

Frontline

Frontline PLC is an international shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, the North Sea, and the Caribbean. Frontline earns revenue through voyage charters, time charters, and a finance lease. It is also involved in the charter, purchase, and sale of vessels.

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Shares of oil and gas companies are trading lower following a build in US crude inventories.

Combining growth and income can be extremely valuable when investing in the stock market. While dividends can provide a stable and consistent stream of cash, the potential for growth can lead to capital appreciation. These three stocks have provided significant income to shareholders and are expected to keep doing so. Additionally, they show avenues for solid growth.
<h2>Frontline: Income the Size of an Oil Tanker</h2>
First up is Frontline PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fro#NYSE">FRO</a>). Frontline operates a fleet of oil tankers. As of Jun. 30, 2024, the company operated 82 vessels. The company operates these ships using various ownership structures. These include outright ownership, leasing, and charter agreements. Over the past three years, the company&#39;s trailing twelve-month revenues have seen very strong growth. Revenue has achieved a compound annual growth rate of 35% over that period.
This has coincided with the company&#39;s share price rising 175% over the last three years. That big rise in share price has also given shareholders big dividends. Over the past twelve months, the company&#39;s dividend yield is 7.9%. Its dividend yield has fluctuated widely over time from 0% to upwards of 20%. However, over the last 10 years, its average is 7.2%.
In addition, analysts see the company maintaining strong revenue and earnings per share growth. Analysts expect those figures to rise at a compound annual rate of 20.8% and 9.7%, respectively. Furthermore, Wall Street analysts see solid upside in the stock despite its strong rise in recent years. The average price target for the company implies a 16% upside from its current level. A recent upgrade by BTIG Research supports this potential upside. The firm moved its rating from Neutral to Buy, placing a $30 target on Frontline.
It is important to note that many of Frontline&#39;s vessels, particularly its largest ones, transport oil from the Middle East to other regions. This adds geopolitical risk to the firm.
<h2>Blackstone: 3% Dividend Yield Combined with A Bottoming Market?</h2>
Next up is Blackstone (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bx#NYSE">BX</a>). The financial services company is the largest alternative asset manager in the world. The company manages various, mostly private, investment funds. They focus on real estate, private equity, infrastructure, and hedge fund strategies. It generates revenue from fees that it charges for managing these funds, as well as from incentive fees generated when the funds perform well. Over the past year, the company has achieved strong share price returns and provided a notable amount of dividend income.
Shares are up 42%, and the company&#39;s trailing twelve-month dividend yield is 2.3%. Analysts project that figure will rise by 3% in the next twelve-month period. On average, analysts expect the company&#39;s revenue and earnings per share to continue growing strongly over the next two years. The expected compound annual growth rates for these metrics are 24% and 22%, respectively.
Some evidence shows that the private investment fund industry may be nearing a bottom. If current trends continue, the amount of capital raised for private equity and venture capital funds in 2024 will be the lowest since 2016. The number of these funds launched in the first half of 2024 is down 47% compared to the first half of 2023. Additionally, falling interest rates have historically led to more deals in this industry. Continued falls in interest rates would increase demand for new Blackstone funds, all else being equal. Additionally, the fact that the industry may be at a fundraising bottom could provide a strong tailwind going forward.
<h2>Seagate: More Data Means More Storage</h2>
Last up is Seagate Technology (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stx#NASDAQ">STX</a>). Seagate makes hardware that stores data on computers. This includes things like hard drives and solid-state drives (SSDs). These devices are where files, videos, and various other types of information are stored on a computer.
Seagate mainly sells its storage solutions to large customers, like data centers. &quot;Mass capacity&quot; customers that require large-scale solutions make up over 90% of the storage Seagate sells. One might consider the company semiconductor-adjacent. Its products rely on semiconductors made by companies like Samsung.
As the world becomes more digitized, there must be more hardware to store digital information. The company cites an International Data Corporation report stating that increased digitization and increased information created by AI will drive demand for data storage. The report expects storage needs to rise by 24% annually through 2028. Analysts are projecting the company&#39;s revenue to rise by 26% annually over the next two years. Additionally, Seagate is expected to provide a respectable dividend yield of 2.6% over the next twelve months.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/top-income-stocks-offering-big-dividend-yields-and-future-growth/">Top Income Stocks Offering Big Dividend Yields and Future Growth</a>&quot; first appeared on MarketBeat.

Earnings

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Shares of energy stocks are trading lower as oil prices fall after Israel reportedly indicated it could target military sites in Iran but not oil or nuclear targets.

BTIG analyst Gregory Lewis upgrades Frontline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) from Neutral to Buy and announces $30 price target.

Upgrades

BTIG Upgrades Frontline to Buy, Announces $30 Price Target

BROG

WFRD

Shares of oil and gas companies are trading lower, possibly as the sector pulls back after rallying on Tuesday due to China stimulus efforts and Middle East tension. Also, a report suggests that rival factions in Libya have resumed talks.

AESI

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Shares of oil companies are trading higher amid anticipation for potential conflict escalations between Israel-Lebanon and the broader region.

U.S. stock futures were lower this morning, with the Nasdaq futures falling over 80 points on Friday.
Shares of FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) fell sharply in today's pre-market trading after the company reported weaker-than-expected results for the first quarter of fiscal 2025 and lowered its full-year guidance.
FedEx reported first-quarter revenue of $21.6 billion, missing analyst estimates of $21.955 billion, according to Benzinga Pro. The company reported first-quarter adjusted earnings of $3.60 per share, missing analyst <a href="https://www.benzinga.com/news/earnings/24/09/40948046/fedex-q1-earnings-revenue-miss-eps-miss-lowered-guidance-challenging-quarter">estimates of $4.80 per share</a>.
FedEx shares dipped 13.1% to $260.92 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) shares dipped 11.3% to $6.21 in pre-market trading after jumping around 47% on Thursday.</li>
<li>Veea Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>) shares fell 7.6% to $10.22 in pre-market trading after declining around 10% on Thursday. Veea recently announced a strategic partnership with Crowdkeep to integrate their respective technologies into a singular, tailored solution to track assets, people, and conditions across a variety of use cases.</li>
<li>MillerKnoll, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLKN#NASDAQ">MLKN</a>) shares declined 5.4% to $25.99 in the pre-market trading session as the company reported downbeat first-quarter financial results on Thursday.</li>
<li>Adient plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADNT#NYSE">ADNT</a>) shares fell 5.1% to $21.43 in pre-market trading.</li>
<li>Frontline plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) shares declined 5% to $22.75 in pre-market trading.</li>
<li>Evotec SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NYSE">EVO</a>) slipped 5% to $3.46 in pre-market trading.</li>
<li>Hafnia Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAFN#NYSE">HAFN</a>) shares fell 4.9% to $7.34 in pre-market trading.</li>
<li>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) shares declined 3.1% to $186.45 in pre-market trading. Lennar reported better-than-expected financial results for the third quarter. The company said it sees fourth-quarter new orders in a range of 19,000 to 19,300 and deliveries between 22,500 and 23,000. The company expects the average sales price to be approximately $425,000.</li>
</ul>
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Pre-Market Outlook

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FedEx Reports Downbeat Results, Joins MillerKnoll And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Jefferies analyst Omar Nokta maintains Frontline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) with a Buy and maintains $30 price target.

Jefferies Maintains Buy on Frontline, Maintains $30 Price Target

Frontline shares are trading higher after the company reported better-than-expected Q2 sales results.

U.S. stocks were higher, with the Nasdaq Composite gaining around 150 points on Friday.
Shares of Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) rose during Friday's session after the company reported <a href="https://www.benzinga.com/news/earnings/24/08/40639373/marvell-technology-stock-climbs-on-q2-strong-q3-guidance">better-than-expected quarterly sales results.</a>
Marvell reported quarterly GAAP earnings of 30 cents per share, in-line with the analyst consensus estimate. Quarterly sales came in at $1.27 billion, which beat the analyst consensus estimate by 1.65%.
Marvell Technology shares gained 6.1% to $74.09 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Leslie&#8217;s, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>) shares jumped 18.2% to $2.9552.</li>
<li>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) gained 15.8% to $284.62 after the company reported better-than-expected second-quarter financial results and issued strong guidance on Thursday.</li>
<li>Intuitive Machines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) jumped 15.3% to $5.56 after the company was awarded a $116.9 million NASA contract to deliver six science and technology payloads to the Moon.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) gained 10.7% to $1.1850. Cantor Fitzgerald analyst Andres Sheppard reiterated Polestar Automotive with an Overweight and maintained a $3 price target.</li>
<li>BridgeBio Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBIO#NASDAQ">BBIO</a>) gained 10.1% to $27.09 in reaction to Alnylam Pharmaceuticals&#8217; detailed data from HELIOS-B Phase 3 study of vutrisiran. BridgeBio Pharma has ATTR-CM therapy acoramidis, currently under FDA priority review with an action date of November 29.</li>
<li>Cool Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLCO#NYSE">CLCO</a>) rose 9.6% to $12.06. Cool Co recently reported better-than-expected quarterly sales.</li>
<li>ZEEKR Intelligent Technology Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) gained 8.3% to $17.54.</li>
<li>Highest Performances Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HPH#NASDAQ">HPH</a>) rose 7.9% to $1.9638.</li>
<li>Titan Machinery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TITN#NASDAQ">TITN</a>) gained 7.9% to $15.36.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) rose 7.8% to $21.70 following a report suggesting the company is weighing options including splitting its product design and manufacturing businesses.</li>
<li>Banco Macro S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMA#NYSE">BMA</a>) gained 7.8% to $60.07. JP Morgan analyst Domingos Falavina upgraded Banco Macro from Underweight to Neutral and raised the price target from $14 to $78.</li>
<li>MINISO Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NYSE">MNSO</a>) gained 5.5% to $17.23 after the company reported fourth-quarter financial results and announced a share repurchase program of HK$2 billion.</li>
<li>Frontline plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) gained 4.6% to $24.41 following strong quarterly sales.</li>
<li>Autodesk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) rose 4% to $268.33 as the company posted better-than-expected second-quarter EPS and revenues on Thursday.</li>
<li>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) gained 4% to $282.45. HSBC analyst Stephen Bersey upgraded CrowdStrike from Hold to Buy and raised the price target from $302 to $339.</li>
</ul>
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Intraday Update

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Marvell Technology Posts Upbeat Sales, Joins MongoDB, Intel, MINISO Group And Other Big Stocks Moving Higher On Friday

Frontline Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) reported second-quarter&nbsp;revenue&nbsp;of&nbsp;$607.5 million, beating the consensus of&nbsp;$382.3 million.
Reported spot <a target="_blank" href="https://ml-eu.globenewswire.com/Resource/Download/4851e311-0b97-4f75-8ea8-7a817814a00e" rel="noreferrer noopener">TCEs</a> for VLCCs, Suezmax tankers, and LR2/Aframax tankers were $49,600 (vs. $64,000 last year), $45,600 (vs. $61,700 last year) and $53,100 (vs. $52,900 prior year) per day.&nbsp;
In the quarter, ballast days totaled 1,043 for VLCCs, 306 for Suezmax tankers, and 147 for LR2/Aframax tankers.
Net operating income for the quarter improved to $255.92 million from $252.98 million a year ago. Adjusted EPS was $0.62 versus $0.94 a year ago, <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">missing the consensus of $0.67.</a>
In&nbsp;the second quarter, operating cash flow was&nbsp;$232.68 million&nbsp;compared to&nbsp;$283.14 million a year ago quarter.&nbsp;FRO held cash and cash equivalents of&nbsp;$359.24 million&nbsp;as of June-end.
In the quarter, the company agreed to sell its oldest Suezmax tanker for a net sales price of $48.5 million. After settling existing debt, the transaction is expected to result in approximately $36.5 million in net cash proceeds.
The company secured a $512.1 million sale-and-leaseback commitment to refinance 10 Suezmax tankers, pending final documents. It is expected to generate $101.0 million in Q4 2024, with part allocated to repaying $75.0 million from the $275.0 million Hemen credit facility.
Dividend: The company declared a dividend of&nbsp;$0.62&nbsp;per share for&nbsp;the second quarter, payable on or about September 30, 2024. The record date for the dividend will be September 13, 2023.
Lars H. Barstad, Chief Executive Officer said, &#8220;The second quarter of 2024 was very much in line with first quarter. Markets carried on at the same pace with positive volatility in an increasingly complicated geo-political landscape. Frontline continued optimizing its position by divesting older assets, consolidating our financials and executing on our strategy of efficiently running one of the largest modern fleets in the tanker market to enhance shareholder returns.&#8221;
&#8220;Seasonality has a big effect on tanker markets, and as most of the global population lives in the northern hemisphere, the summer is the soft period. Historically, refinery utilization increases from here, as the world begins to prepare for winter and volatility in the tanker markets resumes.&#8221;
Outlook: Frontline anticipates that spot TCEs for the third quarter of 2024 to be lower than current contracted rates due to ballast days at the end of the quarter.
Looking ahead, the company stated that oil demand is expected to increase in the second half of the year, potentially reaching 104.9 mbpd by December 2024.
Investors can gain exposure to the stock via Invesco Oil &amp; Gas Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PXJ#NYSE">PXJ</a>) and SonicShares Global Shipping ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOAT#NYSE">BOAT</a>).
Price Action: FRO shares are up 0.21% at $23.37 premarket at the last check Friday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Frontline Navigates Choppy Waters: Q2 Revenue Soars, But EPS Sinks In Spicy Tanker Market

Frontline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) reported quarterly earnings of $0.62 per share which missed the analyst consensus estimate of $0.67 by 7.46 percent. This is a 34.04 percent decrease over earnings of $0.94 per share from the same period last year. The company reported quarterly sales of $607.513 million which beat the analyst consensus estimate of $382.322 million by 58.90 percent. This is a 16.35 percent increase over sales of $522.150 million the same period last year.

Earnings Beats

Earnings Misses

Frontline Q2 2024 Adj. EPS $0.62 Misses $0.67 Estimate, Sales $607.513M Beat $382.322M Estimate

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, with the index in the &#8220;Greed&#8221; zone on Thursday.
U.S. stocks settled mixed on Thursday, with the Dow Jones index surging to a record high during the session.
Shares of NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) fell around 6.4% on Thursday, weighing on the S&amp;P 500 and the Nasdaq. Nvidia <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40620595/as-nvidia-tumbles-post-q2-earnings-tech-bull-draws-parallels-to-markets-reaction-to">reported</a> better-than-expected earnings and sales results for its second quarter on Wednesday. The company issued above-consensus third-quarter revenue guidance and announced a $50-billion additional stock repurchase authorization. However, the gross margin contracted from the first quarter.
On the economic data front, U.S. initial jobless claims fell by 2,000 from the prior week to 231,000 in the period ending Aug. 24. U.S. real gross domestic product expanded at an annual rate of 3.0% in the second quarter, up from 1.4% in the first quarter. U.S. wholesale inventories rose by 0.3% month-over-month to $905 billion in July, versus a revised 0.2% gain in the earlier month.
Most sectors on the S&amp;P 500 closed on a positive note, with energy, financials, and industrials stocks recording the biggest gains on Thursday. However, information technology and consumer staples stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 244 points to 41,335.05 on Thursday. The S&amp;P 500 fell 0.01% to 5,591.96, while the Nasdaq Composite dipped 0.23% to close at 17,516.43 during Thursday's session.
Investors are awaiting earnings results from JinkoSolar Holding Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>), MINISO Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NYSE">MNSO</a>), and Frontline plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 57.7, the index was in the &#8220;Greed&#8221; zone on Thursday, versus a prior reading of 56.2.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Frontline plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) is set to release earnings results for its second quarter, before the <a href="https://www.benzinga.com/quote/FRO/earnings">opening bell on Friday, Aug. 30</a>.
Analysts expect the Limassol, Cyprus-based company to report quarterly earnings at 67 cents per share, down from 94 cents per share in the year-ago period. Frontline projects to report quarterly revenue of $382.32 million for the quarter, down from $512.76 million in the year-ago quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Feb. 29, Frontline reported a fourth-quarter fiscal 2023 revenue decline of 21.8% year-over-year to $415 million, beating the consensus of $270.06 million.
Frontline shares fell 0.1% to close at $23.32 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/FRO/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587f78ce77f9dd000126ef08/jonathan-chappell">Evercore ISI Group analyst Jonathan Chappell </a>maintained an Outperform rating and cut the price target from $33 to $32 on July 23. This analyst has an accuracy rate of 74%.</li>
<li>Jefferies analyst Omar Nokta maintained a Buy rating on May 30. This analyst has an accuracy rate of 75%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6034e7a4ef623a0001529ca1/samuel-bland">JP Morgan analyst Samuel Bland</a> maintained a Neutral rating and lowered the price target from $23 to $22.3 on March 1. This analyst has an accuracy rate of 79%.</li>
<li>Deutsche Bank analyst Amit Mehrotra upgraded the stock from Hold to Buy with a price target of $26 on Jan. 9. This analyst has an accuracy rate of 76%.</li>
</ul>
Considering buying FRO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="513" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30021221/image-307-1024x513.png" alt="" class="wp-image-522229" style="width:639px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30021221/image-307-1024x513.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30021221/image-307-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30021221/image-307-768x385.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30021221/image-307.png 1350w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Top Wall Street Forecasters Revamp Frontline Price Expectations Ahead Of Q2 Earnings

Costamare (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmre#NYSE">CMRE</a>) is scheduled to release second-quarter 2024 results on Jul 31, before market open.
The Zacks Consensus Estimate for the to-be-reported quarter&#39;s earnings and revenues is pegged at 72 cents per share and $380.41 million, respectively.
The earnings estimate for the to-be-reported quarter has declined 6.5% over the past 60 days. The bottom-line projection indicates year-over-year growth of 28.6%. The Zacks Consensus Estimate for quarterly revenues suggests a year-over-year increase of 3.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/83/72671.jpg?v=212180967" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
CMRE has an impressive earnings surprise history, as reflected in the chart below.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/14/72672.jpg?v=323184082" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research 
Earnings Whispers for Q2
Our proven model does not conclusively predict an earnings beat for Costamare this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That&#39;s not the case here.
CMRE has an Earnings ESP of 0.00% and a Zacks Rank #3.
<h3>Factors Likely to Shape CMRE&#39;s Q2 Results</h3>
We expect CMRE&#39;s second-quarter bottom-line performance to have been affected by higher vessel operating expenses, mainly due to the increased average number of vessels in its fleet. High fuel costs are likely to have shot up total expenses.
With the normalization of economic activities, world trade has gathered pace, which is a positive for shipping stocks like Costamare. This is because the shipping industry is responsible for transporting a high proportion of goods involved in world trade.
Bullishness surrounding the containership market is a tailwind for Costamare. A ramp-up of manufacturing activities in Asia aids the containership market besides other factors. Favorable market conditions in the dry bulk sector are also likely to have aided CMRE&#39;s performance in the to-be-reported quarter. Factors like a build-up of iron ore inventories in China have resulted in higher capesize freight rates.
<h3>Price Performance &amp; Valuation</h3>
Costamare, one of the leading owners and providers of containerships and dry bulk vessels for charter across the globe, has gained in excess of 35% on a year-to-date basis, outperforming not only its industry but also other shipping companies like Danaos Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dac#NYSE">DAC</a>) and Frontline plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fro#NYSE">FRO</a>).
<h3>YTD Price Comparison</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/06/72674.jpg?v=1863324505" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
From a valuation perspective, Costamare is trading at a discount compared to the industry going by its price/sales ratio. The reading is also below its median over the last five years. The company has a Value Score of A.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/bf/72675.jpg?v=260708522" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
<h3>Investor Considerations</h3>
The company&#39;s dry bulk and containership fleets are being aided by the ongoing Red Sea tensions. Reduced container availability due to the Red Sea tensions has resulted in a rise in freight costs. Costamare has been benefiting from the surge in dry bulk rates. Lower capacity is expected to boost earnings. Rates are likely to remain high for quite some time, which should aid Costamare.
CMRE&#39;s focus on fleet modernization and leasing is also impressive. The significant amount of contract coverage generated by CMRE lowers its exposure to shipping market volatility. The fleet renewal strategy improves operational efficiency. Even though CMRE&#39;s future looks bright, one should be mindful of headwinds like high vessel operating costs and fuel expenses apart from the escalated debt load.
<h3>Final Thoughts</h3>
Given the abovementioned headwinds, we believe that investors should refrain from rushing to buy CMRE before Wednesday despite it being attractively valued and having a lot in its favor. Instead, they should monitor the developments pertaining to the stock closely for a more appropriate entry point, as an erroneous and hasty decision could affect portfolio gains. If an investor already holds CMRE stock in his/her portfolio, sit tight, as the upcoming earnings report is likely to confirm the company&#39;s strong performance.
<a href="https://www.zacks.com/stock/news/2311048/should-you-buy-costamare-cmre-stock-ahead-of-q2-earnings?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2311048">To read this article on Zacks.com click here.</a>

Small Cap

CMRE

Should You Buy Costamare Stock Ahead of Q2 Earnings?

Evercore ISI Group analyst Jonathan Chappell maintains Frontline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) with a Outperform and lowers the price target from $33 to $32.

Evercore ISI Group Maintains Outperform on Frontline, Lowers Price Target to $32

Several gas and oil companies are trading lower possibly due to a drop in the price of crude.

<div>Well-known transportation analyst Amit Mehrotra is leaving Deutsche Bank (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/db#NYSE">DB</a>), and for now at least, Deutsche is halting its coverage of transport-related equities.</div>

Mehrotra is an active observer of the transportation sector, with often multiple updates on a busy earnings day blasted out to his list of email contacts, including FreightWaves. His departure was signaled in an email sent last week that said Deutsche was discontinuing equity coverage of a long list of transportation companies, all of which were under Mehrortra's purview.

Reached at his home in Atlanta, Mehrotra declined to comment on his status at Deutsche Bank. An email sent to Deutsche Bank's media relations team had not been responded to by publication time. <script type="text/javascript">
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Other sources have confirmed reports that Mehrotra is headed to UBS Group, but he is not expected to be a transportation analyst there. He will be involved in industrial research in some capacity, sources said.

The transportation team left behind by Mehrotra's departure is not said to be leaving the bank, but the announcement of the across-the-board elimination of transportation equity coverage makes clear that for now at least, they won't be covering transports.

This marks the second time in the past few months that a major Wall Street bank has suspended analysis of the universe of transportation companies it had been covering. Wells Fargo (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wfc#NYSE">WFC</a>) made a similar announcement in March. However, there are reports that Wells Fargo has identified a new transportation equity analyst to head a reconstructed research team.

There were 21 companies Deutsche said it was no longer covering, including several maritime shipping companies, such as Frontline (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fro#NYSE">FRO</a>). Mehrotra's team covered such publicly traded trucking companies as J.B. Hunt (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>) and Werner (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wern#NASDAQ">WERN</a>); less-than-truckload carriers like Saia (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/saia#NASDAQ">SAIA</a>), which Mehrotra had been very high on for quite some time, saying earlier this month that he thought its "earnings power can meaningfully surprise to the upside over time"; the Class 1 railroads; and some other logistics companies, such as C.H Robinson (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and GXO Logistics (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gxo#NYSE">GXO</a>).

<div>
Mehrotra might have been most famous for being a thorn in the side of Brad Jacobs when Jacobs was CEO of XPO Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpo#NYSE">XPO</a>). Deutsche's research on the company went from being a cheerleader to being a critic, and Mehrotra's questions on earnings calls often reflected that skepticism and friction. Deutsche ended up dropping coverage of XPO.



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The post <a href="https://www.freightwaves.com/news/head-transportation-analyst-mehrotra-departing-deutsche-bank">Head transportation analyst Mehrotra departing Deutsche Bank</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.

Global

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Head Transportation Analyst Mehrotra Departing Deutsche Bank

U.S. stocks were mixed, with the Dow Jones index falling over 50 points on Thursday.
Shares of Enliven Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/elvn#NASDAQ">ELVN</a>) rose sharply during Thursday&rsquo;s session.
Enliven Therapeutics announced proof of concept data from Phase 1 clinical trial of ELVN-001 in <a href="https://www.benzinga.com/general/biotech/24/04/38199756/enliven-therapeutics-announces-proof-of-concept-data-from-phase-1-clinical-trial-of-elvn-001-in-c">chronic myeloid leukemia</a>.
Enliven Therapeutics shares surged 26% to $24.97 on Thursday.
Here are some other big stocks recording losses in today&rsquo;s session.
<ul>
<li>Rallybio Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rlyb#NASDAQ">RLYB</a>) shares gained 89.6% to $3.09 after the company announced a collaboration with Johnson &amp; Johnson to advance therapeutics for pregnant individuals at risk of FNAIT.</li>
<li>Alpine Immune Sciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alpn#NASDAQ">ALPN</a>) jumped 36.6% to $64.25 after Vertex entered into an agreement to acquire the company.</li>
<li>Janux Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/janx#NASDAQ">JANX</a>) shares jumped 16.8% to $52.15 following Wednesday reports suggesting the company is said to weigh a possible sale.</li>
<li>Gyre Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gyre#NASDAQ">GYRE</a>) rose 14.6% to $15.91.</li>
<li>AnaptysBio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anab#NASDAQ">ANAB</a>) rose 11.4% to $24.72. Wells Fargo analyst Derek Archila initiated coverage on AnaptysBio with an Overweight rating and announced a price target of $56.</li>
<li>Fiverr International Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fvrr#NYSE">FVRR</a>) gained 10.5% to $21.25 after the company&#39;s board authorized a $100 million share repurchase program.</li>
<li>GigaCloud Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gct#NASDAQ">GCT</a>) shares jumped 10.2% to $34.18.</li>
<li>Nurix Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nrix#NASDAQ">NRIX</a>) climbed 9.6% to $17.21. Baird analyst Joel Beatty maintained Nurix Therapeutics with an Outperform and raised the price target from $24 to $25.</li>
<li>AlTi Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alti#NASDAQ">ALTI</a>) gained 9.3% to $5.06.</li>
<li>Nexxen International Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nexn#NASDAQ">NEXN</a>) rose 7.3% to $5.62.</li>
<li>StepStone Group LP (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/step#NASDAQ">STEP</a>) gained 7.1% to $37.46 after JP Morgan upgraded the stock from Neutral to Overweight.</li>
<li>Frontline plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fro#NYSE">FRO</a>) rose 5.9% to $24.47.</li>
<li>IAMGOLD Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iag#NYSE">IAG</a>) gained 3.6% to $3.74.</li>
</ul>
&nbsp;
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Enliven Therapeutics, Alpine Immune Sciences, Janux Therapeutics And Other Big Stocks Moving Higher On Thursday

Frontline: Tanker Market Strategy And Ongoing Disruptions (Podcast Transcript)

Frontline (FRO) has released an update. Frontline PLC has expanded its fleet with the acquisition of 24 VLCCs and trimmed down its fleet by selling...

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In a report released on September 27, Axel Styrman from Kepler Capital maintained a Buy rating on Frontline (FRO – Research Report), with a price t...

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Frontline (FRO) has released an update. Frontline plc has released its half yearly financial report for the first half of 2024, which is now availa...

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Oil tanker stocks surge as market awaits potential Israel retaliation against Iran

Jefferies analyst Omar Nokta maintained a Buy rating on Frontline (FRO – Research Report) today and set a price target of $30.00. The company's sha...

Jefferies Keeps Their Buy Rating on Frontline (FRO)

TORM: Product Tanker Markets Primed For Recovery (Podcast Transcript)

East 72 Dynasty Trust Q3 2024 Quarterly Report

Torm leads tanker stocks lower after downbeat view from Pareto

Kepler Capital analyst Axel Styrman maintained a Buy rating on Frontline (FRO – Research Report) on October 24 and set a price target of NOK359.00....

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