Forward Air Corp expected to post earnings of $1.11 a share - Earnings Preview

Forward Air (Delaware)

28/10/2023 02:24

* Forward Air Corp  FWRD.OQ   FWRD.O  is expected to show a
fall
in quarterly revenue when it reports  results 
    * The Greeneville Tennessee-based  company is expected to
report 
a 17.7% decrease in revenue to $419.574 million from $510.02
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. The company's guidance on
August 2 2023, for the period ended September 30, was for
revenue between $402.92 million and $453.92 million.
    * ​Refinitiv's mean analyst estimate for Forward Air Corp is
for
earnings of $1.11 per share. The company's EPS guidance on
August 2 2023, for the period ended September 30, was between
$1.12 and $1.16 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 $84.5​, above​ its last closing price of $70.36. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  1.28        1.28       0.91      Missed  -28.7
 Mar. 31 2023  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
 ​​Jun.        1.79        1.78       2.04      Beat    14.5
 30 2022                                                
 Mar. 31 2022  1.32        1.27       1.57      Beat    23.9​
 Dec. 31 2021  1.31        1.31       1.40      Beat    7.1
 Sep. 30 2021  1.08        1.07       1.14      Beat    6.2
 This summary was machine generated October 28 at 01:24 GMT.  All
figures in US dollars  unless otherwise stated