Forward Air Corp reports results for the quarter ended in September - Earnings Summary

Forward Air (Delaware)

30/10/2023 22:56

* Forward Air Corp  FWRD.OQ  reported quarterly adjusted
earnings
of 99 cents​​ per share for the quarter ended in September. The
mean expectation of eight analysts for the quarter was
for earnings of $1.11 per share.
    * Revenue fell 18.9% to $413.45 million from a year ago;
analysts
expected $419.57 million. 
    * Forward Air Corp's reported EPS for the quarter was 36
cents​.
    * The mean earnings estimate of analysts had fallen by
about 22.1%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Forward Air Corp shares had risen by 2.4% this quarter and
lost 32.9% so far this year.
    * The company reported quarterly net income of $9.29
million.
    * Wall Street's median 12-month price target for Forward Air
Corp
is $84.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 30 at 10:56 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.11           0.99           Missed
 Jun. 30 2023      1.28           0.91           Missed
 Mar. 31 2023      1.31           1.37           Beat
 Dec. 31 2022      1.94           1.65           Missed