Forward Air Corp reports results for the quarter ended December 31 - Earnings Summary

Forward Air (Delaware)

26/02/2025 22:57

Forward Air Corp FWRD.OQ reported a quarterly adjusted loss of $2.96​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 81 cents.  The mean expectation of six analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -50 cents to 67 cents per share.

Revenue rose 87% to $632.85 million from a year ago; analysts expected $667.40 million.

Forward Air Corp's reported EPS for the quarter was a loss of $1.24​.

The company reported a quarterly loss of $36.42 million.

Forward Air Corp shares had fallen by 14.9% this quarter.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 560% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is also "hold"

Wall Street's median 12-month price target for Forward Air Corp is $36.00

This summary was machine generated from LSEG data February 26 at 10:57 p.m. UTC. ​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)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Dec. 31 2024
-0.05
-2.96
Missed
Sep. 30 2024
-0.16
-1.74
Missed
Jun. 30 2024
-0.18
3.39
Beat
Mar. 31 2024
-0.11
-0.64
Missed