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Forward Air Q3 2023 Earnings Report

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$20.72 -0.18 (-0.86%)
As of 04:00 PM Eastern

Forward Air EPS Results

Actual EPS
$0.99
Consensus EPS
$1.10
Beat/Miss
Missed by -$0.11
One Year Ago EPS
$1.93

Forward Air Revenue Results

Actual Revenue
$413.45 million
Expected Revenue
$420.04 million
Beat/Miss
Missed by -$6.59 million
YoY Revenue Growth
-18.90%

Forward Air Announcement Details

Quarter
Q3 2023
Time
After Market Closes

Conference Call Resources

Conference Call Audio

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Forward Air Earnings Headlines

Analysts Set Forward Air Co. (NASDAQ:FWRD) PT at $37.00
Warning: “DOGE Collapse” imminent
Elon Strikes Back You may already sense that the tide is turning against Elon Musk and DOGE. Just this week, President Trump promised to buy a Tesla to help support Musk in the face of a boycott against his company. But according to one research group, with connections to the Pentagon and the U.S. government, Elon's preparing to strike back in a much bigger way in the days ahead.
Forward Air price target lowered to $35 from $40 at Susquehanna
Forward Air price target lowered to $28 from $32 at Baird
Why Forward Air Stock Dropped on Thursday
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About Forward Air

Forward Air (NASDAQ:FWRD), together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Intermodal segment provides intermodal container drayage services; and contract and container freight station warehouse and handling services. It serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.

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