Forward Air Q4 operating revenue slightly beats estimates

Forward Air (Delaware)

23/02/2026 21:11

Overview

Transportation services provider's Q4 operating revenue slightly beat analyst expectations

Omni segment achieved highest revenue and EBITDA since acquisition

Expedited Freight segment's Q4 EBITDA and margin improved significantly yr/yr

Outlook

Company did not provide specific guidance for future quarters or full year 2026

Result Drivers

OMNI SEGMENT PERFORMANCE - Omni segment achieved highest revenue and EBITDA since acquisition, driven by strong demand for diversified service offerings

EXPEDITED FREIGHT IMPROVEMENT - Expedited Freight segment's EBITDA and margin improved significantly due to optimal pricing and expense management

INTERMODAL CHALLENGES - Intermodal segment faced revenue and EBITDA decline due to trade-related softness and seasonality

Company press release: ID:nBw4d0w8da

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Operating Revenue
Slight Beat*
$631.23 mln
$629.46 mln (5 Analysts)
Q4 Operating Margin
-0.5%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

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

Wall Street's median 12-month price target for Forward Air Corp (Delaware) is $32.00, about 15% above its February 20 closing price of $27.82

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)