Forward Air Corp expected to post a loss of 16 cents a share - Earnings Preview

Forward Air (Delaware)

25/10/2024 14:07

* Forward Air Corp  FWRD.OQ   FWRD.O  is expected to show a
rise
in quarterly revenue when it reports  results on November 4 for
the period ending September 30 2024
    * The Greeneville Tennessee-based  company is expected to
report a
58.6% increase in revenue to $655.8 million from $413.45 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 16 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Forward Air
Corp
is $36.00​, below​ its last closing price of $36.58. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.19       -0.18      3.39      Beat    1,949.
                                                        1
 Mar. 31 2024  -0.11       -0.11      -0.64     Missed  -481.8
 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.        1.28        1.28       0.91      Missed  -28.7
 1 0001                                                 
 Jan. 1 0001   1.30        1.31       1.37      Beat    4.9​
 Dec. 31 2022  1.93        1.94       1.65      Missed  -14.9
 Sep. 30 2022  1.91        1.90       1.93      Beat    1.3
 This summary was machine generated October 25 at 13:07 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)