Logistics services provider Forward Air Q3 revenue misses estimates

Forward Air (Delaware)

05/11/2025 21:10

Overview

Forward Air Q3 revenue declined 3.7% yr/yr, missing analyst expectations

Omni segment revenue rose $5 mln to $340 mln, driven by diversified services

Company's liquidity improved to $413 mln, aided by strong cash from operations

Outlook

Company did not provide specific guidance for future quarters or full year in its press release

Result Drivers

OMNI SEGMENT - Strong performance with highest revenue and EBITDA since acquisition, driven by demand for diversified services

EXPEDITED FREIGHT MARGINS - Stable margins with 11.5% EBITDA margin, second highest since Q4 2023, due to cost optimization and integration efforts

LIQUIDITY IMPROVEMENT - Liquidity increased to $413 mln, supported by strong cash flow from operations

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Operating Revenue
Miss
$631.76 mln
$640 mln (5 Analysts)
Q3 EPS
-$0.52
Q3 EBITDA
$77.68 mln
Q3 Free Cash Flow
$48.89 mln
Q3 Operating Margin
2.40%


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 $35.00, about 48.2% above its November 4 closing price of $18.14

Press Release: ID:nBwX3v5Va

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