Crude Oil Rises Sharply; Adicet Bio Shares Plunge
U.S. stocks traded higher midway through trading, with the Dow Jones gaining over 250 points on Monday
Frontline Sees Q4 Spot TCE (Load-to-Discharge Basis) Of $77,200 Contracted For 75% Of Vessel Days For VLCCs
For the fourth quarter of 2022, we estimate spot TCE on a load-to-discharge basis of $77,200 contracted for 75% of vessel days for VLCCs, $65,400 contracted for 76% of vessel days for Suezmax tankers and $58,000
Frontline Q3 Adj. EPS $0.37 Misses $0.47 Estimate, Sales $382.19M Beat $221.48M Estimate
Frontline (NYSE:FRO) reported quarterly earnings of $0.37 per share which missed the analyst consensus estimate of $0.47 by 21.28 percent. This is a 305.56 percent increase over losses of $(0.18) per share from the same
Earnings Scheduled For November 30, 2022
Companies Reporting Before The Bell
• Seadrill (NYSE:SDRL) is expected to report earnings for its third quarter.
• Build-A-Bear Workshop (NYSE:BBW) is likely to report earnings for its third quarter.
Why Allena Pharmaceuticals Tumbled Over 30%; Here Are 85 Biggest Movers From Yesterday
Gainers
Shuttle Pharmaceuticals Holdings, Inc. (NASDAQ: SHPH) shares jumped 91.3% to close at $28.50 on Tuesday amid post-IPO volatility.
Coca-Cola To $76? Here Are 5 Other Price Target Changes For Tuesday
HSBC raised the price target on The Coca-Cola Company (NYSE: KO) from $72 to $76. HSBC analyst Carlos Laboy maintained a Buy rating on the stock. Coca-Cola shares rose 0.3% to $61.34 in pre-market trading.
Jefferies Upgrades Frontline to Buy, Raises Price Target to $16
Jefferies analyst Omar Nokta upgrades Frontline (NYSE:FRO) from Hold to Buy and raises the price target from $11 to $16.
Titan Machinery Shares Gain On Solid Q2, Raised FY23 Forecast
Titan Machinery Inc. (NASDAQ:TITN) reported second-quarter FY23 revenue growth of 31.5% year-on-year to $496.54 million, beating the consensus of $439.77…
Frontline Clocks ~77% Revenue Growth In Q2
Frontline Ltd (NYSE:FRO) reported a second-quarter operating revenue increase of 76.7% year-over-year to $300.44 million. Reported spot TCEs for VLCCs,…
Frontline’s Earnings Outlook
Frontline (NYSE:FRO) is set to give its latest quarterly earnings report on Thursday, 2022-08-25. Here's what investors need to know before the announcement.
Analysts estimate that Frontline will report an earnings per share (EPS) of $2.70.