Forward Air (FWRD) earnings history, EPS estimates, revenue forecasts and company guidance.
Earnings Per Share (Non-GAAP)
Quarterly Revenue (Billions)
Forward Air (FWRD) last issued guidance on October 30, 2023 for Q4 2023. The company guided earnings per share in the range of $0.98 - $1.02, compared to a consensus EPS estimate of $1.13. Forward Air also guided revenue in the range of $399.4M - $447.52M for the period.
Compared to prior guidance, Forward Air lowered its revenue forecast from a prior range of $402.92M - $453.92M.
Forward Air has issued 5 guidance updates between October 26, 2022 and October 30, 2023. During this period, the company lowered its outlook 4 times, signaling management's revised expectations.
| Metric | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Estimate | $-0.16 | $-0.37 | $-0.26 | $-0.10 |
| Actual | $-6.33 | $-1.09 | $-0.91 | $-0.52 |
| Surprise | -3856.3% | -194.6% | -250.0% | -420.0% |
| Revenue | ||||
| Estimate | $630.4M | $620.2M | $629.6M | $646.4M |
| Actual | $673.0M | $582.0M | $631.2M | $631.8M |
| Surprise | +6.77% | -6.15% | +0.26% | -2.26% |
| Metric | Q3 '26E | Q4 '26E | Q1 '27E | Q2 '27E |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Consensus | $0.09 | $-0.06 | $-0.25 | $-0.12 |
| Revenue | ||||
| Consensus | $672.2M | $666.0M | — | — |
| Fiscal Quarter | Date Reported | Actual EPS | Estimated EPS | Surprise % |
|---|---|---|---|---|
| Q2 | Aug 5, 2026 | $-6.33 | $-0.16 | -3856.3 % |
| Q1 | May 7, 2026 | $-1.09 | $-0.37 | -194.6 % |
| Q4 | Feb 23, 2026 | $-0.91 | $-0.26 | -250.0 % |
| Q3 | Nov 5, 2025 | $-0.52 | $-0.10 | -420.0 % |
| Fiscal Quarter | Date Reported | Actual Revenue | Estimated Revenue | Surprise % |
|---|---|---|---|---|
| Q2 | Aug 5, 2026 | $673.04M | $630.38M | 6.77 % |
| Q1 | May 7, 2026 | $582.05M | $620.18M | -6.15 % |
| Q4 | Feb 23, 2026 | $631.23M | $629.60M | 0.26 % |
| Q3 | Nov 5, 2025 | $631.76M | $646.37M | -2.26 % |