Preview: Forward Air's Earnings

Forward Air FWRD is set to give its latest quarterly earnings report on Wednesday, 2023-02-08. Here's what investors need to know before the announcement.

Analysts estimate that Forward Air will report an earnings per share (EPS) of $1.95.

Forward Air bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat EPS by $0.03, which was followed by a 1.45% drop in the share price the next day.

Here's a look at Forward Air's past performance and the resulting price change:

Quarter Q3 2022 Q2 2022 Q1 2022 Q4 2021
EPS Estimate 1.90 1.75 1.21 1.31
EPS Actual 1.93 2.04 1.57 1.40
Price Change % -1.45% 4.23% 8.7% -8.54%

eps graph

Stock Performance

Shares of Forward Air were trading at $112.31 as of February 06. Over the last 52-week period, shares are up 3.24%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Forward Air visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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