Forward Air Corp expected to post a loss of 18 cents a share - Earnings Preview

Forward Air (Delaware)

06/08/2024 03:04

* Forward Air Corp  FWRD.OQ   FWRD.O  is expected to show a
rise
in quarterly revenue when it reports  results on August 7 for
the period ending June 30 2024
    * The Greeneville Tennessee-based  company is expected to
report a
59.9% increase in revenue to $642.925 million from $402.18
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 18 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"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 $21.50​, below​ its last closing price of $21.51. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.11       -0.11      -0.64     Missed  -481.8
 Dec. 31 2024  0.97        0.98       0.81      Missed  -17.1
 Sep. 30 2023  1.11        1.11       0.99      Missed  -11.2​
 Jun. 30 2023  1.28        1.28       0.91      Missed  -28.7
 ​​Mar.        1.30        1.31       1.37      Beat    4.9
 31 2023                                                
 Dec. 31 2022  1.93        1.94       1.65      Missed  -14.9​
 Jan. 1 0001   1.91        1.90       1.93      Beat    1.3
 Jun. 30 2022  1.79        1.78       2.04      Beat    14.5
 This summary was machine generated August 6 at 02:04 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)