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

Forward Air (Delaware)

08/05/2025 19:36

Forward Air Corp FWRD.OQ reported a quarterly adjusted loss of $1.12​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -64 cents.  The mean expectation of six analysts for the quarter was for a loss of 56 cents per share. Wall Street expected results to range from -87 cents to -30 cents per share.

Revenue rose 13.2% to $613.28 million from a year ago; analysts expected $624.85 million.

Forward Air Corp's reported EPS for the quarter was a loss of $1.68​.

The company reported a quarterly loss of $50.64 million.

Forward Air Corp shares had fallen by 14.2% this quarter and lost 46.6% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 334.4% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is  "hold."

Wall Street's median 12-month price target for Forward Air Corp is $32.97

This summary was machine generated from LSEG data May 8 at 06:35 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
Mar. 31 2025
-0.56
-1.12
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