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Forward Air Q1 2023 Earnings Report

Forward Air logo
$18.07 -2.63 (-12.71%)
As of 03/10/2025 04:00 PM Eastern

Forward Air EPS Results

Actual EPS
$1.37
Consensus EPS
$1.30
Beat/Miss
Beat by +$0.07
One Year Ago EPS
$1.57

Forward Air Revenue Results

Actual Revenue
$427.07 million
Expected Revenue
$460.54 million
Beat/Miss
Missed by -$33.47 million
YoY Revenue Growth
-8.50%

Forward Air Announcement Details

Quarter
Q1 2023
Time
After Market Closes

Conference Call Resources

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Forward Air Earnings Headlines

Brokerages Set Forward Air Co. (NASDAQ:FWRD) PT at $37.00
Forward Air price target lowered to $35 from $40 at Susquehanna
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Forward Air price target lowered to $28 from $32 at Baird
Why Forward Air Stock Dropped on Thursday
Forward Air reports Q4 EPS ($1.23) vs $3.94 last year
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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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