Forward Air Corp expected to post earnings of 98 cents a share - Earnings Preview

Forward Air (Delaware)

26/02/2024 22:55

* Forward Air Corp  FWRD.OQ   FWRD.O  is expected to show a
fall
in quarterly revenue when it reports  results on February 28 for
the period ending December 31 2023
    * The Greeneville Tennessee-based  company is expected to
report a
15.3% decrease in revenue to $407.762 million from $481.2
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.The company's guidance on October
30 2023, for the period ended December 31, was for revenue
between $399.40 million and $447.52 million.
    * ​LSEG's mean analyst estimate for Forward Air Corp is for
earnings of 98 cents per share. The company's EPS guidance on
October 30 2023, for the period ended December 31, was between
$0.98 and $1.02 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and 1 "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 $60.00​, above​ its last closing price of $40.07. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2023  1.30        1.31       1.37      Beat    4.9​
 Dec. 31 2022  1.93        1.94       1.65      Missed  -14.9
 ​​Sep.        1.91        1.90       1.93      Beat    1.3
 30 2022                                                
 Jun. 30 2022  1.79        1.78       2.04      Beat    14.5​
 Mar. 31 2022  1.32        1.27       1.57      Beat    23.9
 Dec. 31 2021  1.31        1.31       1.40      Beat    7.1
 This summary was machine generated February 26 at 22:55 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)