the short answer is no. the cut ends will get evn more frosted and the stem will die back further.
wait until the frost eases off and that spring pruning is the best option for that particular shrub.

As SBG says leave it till it gets milder. Also I have ruined expensive secateurs by pruning in hard frost.

Agree, also the moisture in the end of a freshly cut shoot can freeze, splitting the end further and opening it to attack from microbes when the weather warms up. Pruning well before cold weather allows the tip to dry off or callous alleviating this potential problem.

Think you have your answer Guest 'no'