Forward Air Corp expected to post a loss of 11 cents a share - Earnings Preview

Forward Air (Delaware)

07/05/2024 03:00

* Forward Air Corp  FWRD.OQ   FWRD.O  is expected to show a
rise
in quarterly revenue when it reports  results on May 8 for the
period ending March 31 2024
    * The Greeneville Tennessee-based  company is expected to
report a
41.4% increase in revenue to $604.012 million from $427.07
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data. (SAL Basis is Forward Air Revenue
+ Omni Revenue)
    * ​LSEG's mean analyst estimate for Forward Air Corp is for
a loss
of 11 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Forward Air
Corp
is $33.00​, above​ its last closing price of $20.76. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.97        0.98       0.81      Missed  -17.1
 Sep. 30 2023  1.11        1.11       0.99      Missed  -11.2
 Jan. 1 0001   1.28        1.28       0.91      Missed  -28.7​
 Mar. 31 2023  1.30        1.31       1.37      Beat    4.9
 ​​Jan.        1.93        1.94       1.65      Missed  -14.9
 1 0001                                                 
 Sep. 30 2022  1.91        1.90       1.93      Beat    1.3​
 Jun. 30 2022  1.79        1.78       2.04      Beat    14.5
 Mar. 31 2022  1.32        1.27       1.57      Beat    23.9
 This summary was machine generated May 7 at 02:00 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)