Forward Air Corporation

NasdaqGS:FWRD Stock Report

Market Cap: US$926.8m

Forward Air Future Growth

Future criteria checks 4/6

Forward Air is forecast to grow earnings and revenue by 121.7% and 14.6% per annum respectively while EPS is expected to grow by 123.3% per annum.

Key information

121.7%

Earnings growth rate

123.3%

EPS growth rate

Logistics earnings growth14.1%
Revenue growth rate14.6%
Future return on equityn/a
Analyst coverage

Low

Last updated07 Jan 2025

Recent future growth updates

Recent updates

Forward Air (NASDAQ:FWRD) Use Of Debt Could Be Considered Risky

Jan 01
Forward Air (NASDAQ:FWRD) Use Of Debt Could Be Considered Risky

Forward Air: Issues Remain And Valuation Is Stretched (Rating Downgrade)

Dec 17

Not Many Are Piling Into Forward Air Corporation (NASDAQ:FWRD) Just Yet

Dec 06
Not Many Are Piling Into Forward Air Corporation (NASDAQ:FWRD) Just Yet

Forward Air (NASDAQ:FWRD) Could Be Struggling To Allocate Capital

Oct 02
Forward Air (NASDAQ:FWRD) Could Be Struggling To Allocate Capital

Forward Air: Making Some Progress After A Considerable Mess

Oct 01

Forward Air Corporation (NASDAQ:FWRD) Stock Rockets 27% But Many Are Still Ignoring The Company

Aug 27
Forward Air Corporation (NASDAQ:FWRD) Stock Rockets 27% But Many Are Still Ignoring The Company

Forward Air: Freight Recession And Omni Drama Do Not Make The Stock Appealing

Jul 21

Forward Air: A Show-Me Story That Could Unveil Upside Potential (Rating Upgrade)

May 06

Forward Air And Its Real Value

Feb 11

Forward Air: Understated Downside Risk As The Deal Is Set To Close

Jan 24

We Think Forward Air (NASDAQ:FWRD) Can Stay On Top Of Its Debt

Sep 11
We Think Forward Air (NASDAQ:FWRD) Can Stay On Top Of Its Debt

Forward Air (NASDAQ:FWRD) Is Paying Out A Dividend Of $0.24

Aug 12
Forward Air (NASDAQ:FWRD) Is Paying Out A Dividend Of $0.24

At US$112, Is Forward Air Corporation (NASDAQ:FWRD) Worth Looking At Closely?

Aug 04
At US$112, Is Forward Air Corporation (NASDAQ:FWRD) Worth Looking At Closely?

Is Now The Time To Put Forward Air (NASDAQ:FWRD) On Your Watchlist?

Jun 25
Is Now The Time To Put Forward Air (NASDAQ:FWRD) On Your Watchlist?

These 4 Measures Indicate That Forward Air (NASDAQ:FWRD) Is Using Debt Safely

Jun 13
These 4 Measures Indicate That Forward Air (NASDAQ:FWRD) Is Using Debt Safely

Forward Air (NASDAQ:FWRD) Could Become A Multi-Bagger

Jun 01
Forward Air (NASDAQ:FWRD) Could Become A Multi-Bagger

Forward Air (NASDAQ:FWRD) Is Due To Pay A Dividend Of $0.24

May 15
Forward Air (NASDAQ:FWRD) Is Due To Pay A Dividend Of $0.24

Estimating The Intrinsic Value Of Forward Air Corporation (NASDAQ:FWRD)

Apr 21
Estimating The Intrinsic Value Of Forward Air Corporation (NASDAQ:FWRD)

With EPS Growth And More, Forward Air (NASDAQ:FWRD) Makes An Interesting Case

Mar 24
With EPS Growth And More, Forward Air (NASDAQ:FWRD) Makes An Interesting Case

Is Forward Air (NASDAQ:FWRD) A Risky Investment?

Mar 12
Is Forward Air (NASDAQ:FWRD) A Risky Investment?

Forward Air (NASDAQ:FWRD) Is Due To Pay A Dividend Of $0.24

Feb 12
Forward Air (NASDAQ:FWRD) Is Due To Pay A Dividend Of $0.24

Should You Investigate Forward Air Corporation (NASDAQ:FWRD) At US$97.81?

Feb 10
Should You Investigate Forward Air Corporation (NASDAQ:FWRD) At US$97.81?

Returns on Capital Paint A Bright Future For Forward Air (NASDAQ:FWRD)

Jan 29
Returns on Capital Paint A Bright Future For Forward Air (NASDAQ:FWRD)

Earnings and Revenue Growth Forecasts

NasdaqGS:FWRD - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20263,166111592011
12/31/20252,733601551895
12/31/20242,509-926-47-125
9/30/20242,180-791-68-30N/A
6/30/20241,865-711-83-50N/A
3/31/20241,555-533564N/A
12/31/20231,37142151181N/A
9/30/20231,22086186222N/A
6/30/20231,389132238276N/A
3/31/20231,570170227263N/A
12/31/20221,680178220259N/A
9/30/20221,952187200241N/A
6/30/20221,862166151200N/A
3/31/20221,767141126173N/A
12/31/20211,38710682120N/A
9/30/20211,553926188N/A
6/30/20211,465794862N/A
3/31/20211,326584566N/A
12/31/20201,270526485N/A
9/30/20201,2396098114N/A
6/30/20201,22163120142N/A
3/31/20201,24275126147N/A
12/31/20191,21581137159N/A
9/30/20191,25287125156N/A
6/30/20191,27088118157N/A
3/31/20191,29791113153N/A
12/31/20181,13888113153N/A
9/30/20181,2899880139N/A
6/30/20181,25694N/A118N/A
3/31/20181,21090N/A107N/A
12/31/20171,16987N/A103N/A
9/30/20171,10965N/A113N/A
6/30/20171,06058N/A121N/A
3/31/20171,01529N/A130N/A
12/31/20161,03027N/A130N/A
9/30/201697438N/A123N/A
6/30/201697242N/A128N/A
3/31/201698363N/A116N/A
12/31/201595955N/A86N/A
9/30/201591749N/A84N/A
6/30/201587150N/A71N/A
3/31/201581555N/A79N/A
12/31/201478161N/A92N/A
9/30/201474860N/A95N/A
6/30/201471757N/A93N/A
3/31/201468254N/A90N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FWRD is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.6%).

Earnings vs Market: FWRD is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FWRD is expected to become profitable in the next 3 years.

Revenue vs Market: FWRD's revenue (14.6% per year) is forecast to grow faster than the US market (9% per year).

High Growth Revenue: FWRD's revenue (14.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if FWRD's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/10 01:33
End of Day Share Price 2025/01/08 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Forward Air Corporation is covered by 20 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Garrett HollandBaird
Christopher KuhnBenchmark Company
Kenneth HoexterBofA Global Research