Forward Air Future Growth

Future criteria checks 5/6

Forward Air is forecast to grow earnings and revenue by 30.7% and 34.8% per annum respectively. EPS is expected to grow by 4.8% per annum. Return on equity is forecast to be 7% in 3 years.

Key information

30.7%

Earnings growth rate

4.8%

EPS growth rate

Logistics earnings growth	11.5%
Revenue growth rate	34.8%
Future return on equity	7.0%
Analyst coverage	Low
Last updated	18 Apr 2024

Recent future growth updates

Recent updates

An Intrinsic Calculation For Forward Air Corporation (NASDAQ:FWRD) Suggests It's 28% Undervalued

Dec 07

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

Nov 11

Under The Bonnet, Forward Air's (NASDAQ:FWRD) Returns Look Impressive

Oct 05

Forward Air reports mid-quarter 16% growth in revenue per shipment through August

Sep 12

Forward Air (NASDAQ:FWRD) Could Easily Take On More Debt

Sep 09

Forward Air Corporation (NASDAQ:FWRD) Shares Could Be 41% Below Their Intrinsic Value Estimate

Aug 26

Forward Air goes ex-dividend tomorrow

Aug 16

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

Aug 03

Forward Air GAAP EPS of $2.04 beats by $0.14, revenue of $515.22M in-line

Jul 27

Should You Investigate Forward Air Corporation (NASDAQ:FWRD) At US$96.25?

Jul 21

Forward Air raises Q2 EPS and revenue view above estimates

Jul 19

Why You Should Care About Forward Air's (NASDAQ:FWRD) Strong Returns On Capital

Jul 06

Earnings and Revenue Growth Forecasts

NasdaqGS:FWRD - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	3,031	70	151	191	4
12/31/2024	2,753	25	63	148	4
12/31/2023	1,371	42	151	181	N/A
9/30/2023	1,724	108	183	222	N/A
6/30/2023	1,820	151	236	276	N/A
3/31/2023	1,934	186	225	263	N/A
12/31/2022	1,680	178	220	259	N/A
9/30/2022	1,952	187	200	241	N/A
6/30/2022	1,862	166	151	200	N/A
3/31/2022	1,767	141	126	173	N/A
12/31/2021	1,387	106	82	120	N/A
9/30/2021	1,553	92	61	88	N/A
6/30/2021	1,465	79	48	62	N/A
3/31/2021	1,326	58	45	66	N/A
12/31/2020	1,270	52	64	85	N/A
9/30/2020	1,239	60	98	114	N/A
6/30/2020	1,221	63	120	142	N/A
3/31/2020	1,242	75	126	147	N/A
12/31/2019	1,215	81	137	159	N/A
9/30/2019	1,252	87	125	156	N/A
6/30/2019	1,270	88	118	157	N/A
3/31/2019	1,297	91	113	153	N/A
12/31/2018	1,138	88	113	153	N/A
9/30/2018	1,289	98	80	139	N/A
6/30/2018	1,256	94	67	118	N/A
3/31/2018	1,210	90	65	107	N/A
12/31/2017	1,169	87	65	103	N/A
9/30/2017	1,109	65	N/A	113	N/A
6/30/2017	1,060	58	N/A	121	N/A
3/31/2017	1,015	29	N/A	130	N/A
12/31/2016	1,030	27	N/A	130	N/A
9/30/2016	974	38	N/A	123	N/A
6/30/2016	972	42	N/A	128	N/A
3/31/2016	983	63	N/A	116	N/A
12/31/2015	959	55	N/A	86	N/A
9/30/2015	917	49	N/A	84	N/A
6/30/2015	871	50	N/A	71	N/A
3/31/2015	815	55	N/A	79	N/A
12/31/2014	781	61	N/A	92	N/A
9/30/2014	748	60	N/A	95	N/A
6/30/2014	717	57	N/A	93	N/A
3/31/2014	682	54	N/A	90	N/A
12/31/2013	652	54	N/A	91	N/A
9/30/2013	627	55	N/A	83	N/A
6/30/2013	600	53	N/A	82	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FWRD's forecast earnings growth (30.7% per year) is above the savings rate (2.3%).

Earnings vs Market: FWRD's earnings (30.7% per year) are forecast to grow faster than the US market (14.4% per year).

High Growth Earnings: FWRD's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FWRD's revenue (34.8% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: FWRD's revenue (34.8% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FWRD's Return on Equity is forecast to be low in 3 years time (7%).

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Forward Air Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Price target decreased by 12% to US$64.00

Price target decreased by 12% to US$74.20

Consensus EPS estimates fall by 30%

Consensus EPS estimates fall by 21%

Price target increased by 9.0% to US$125

Forward Air Corporation Provides Earnings Guidance for the Fourth Quarter and Full Year 2022

Recent updates

Forward Air Corporation Appoints Shawn Stewart as Director of the Board, Effective April 28, 2024

Forward Air Corporation announced delayed annual 10-K filing

New major risk - Financial position

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Forward Air And Its Real Value

New minor risk - Shareholder dilution

Forward Air Corporation Announces Board Appointments

Forward Air Corporation to Report Q4, 2023 Results on Feb 21, 2024

Forward Air Corporation (NasdaqGS:FWRD) completed the acquisition of Omni Logistics, LLC from Ridgemont Equity Partners, EVE Partners, LLC and others.

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

Price target decreased by 12% to US$64.00

Investor sentiment deteriorates as stock falls 15%

Price target decreased by 12% to US$74.20

Hub Group, Inc. (NasdaqGS:HUBG) acquired Forward Air Final Mile LLC (FAFM) from Forward Air Corporation (NasdaqGS:FWRD) for approximately $260 million.

Ancora Holdings Sends Open Letter to Omni Logistics

Forward Air Corporation Files Answer and Counterclaim Against Omni Newco LLC

Upcoming dividend of US$0.24 per share at 1.5% yield

Consensus EPS estimates fall by 30%

Omni Logistics Files Lawsuit Against Forward Air to Enforce Merger Agreement

Omni Logistics Files Lawsuit Against Forward Air to Enforce Merger Agreement

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Forward Air Corporation Declares Quarterly Cash Dividend, Payable on December 7, 2023

Forward Air Corporation to Report Q3, 2023 Results on Oct 30, 2023

New major risk - Revenue and earnings growth

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

Investor sentiment improves as stock rises 17%

ClearBridge Investments, LLC Issues a Letter to Forward Air Corporation

President recently bought US$1.0m worth of stock

Consensus EPS estimates fall by 21%

Forward Air Corporation (NasdaqGS:FWRD) entered into a definitive agreement to acquire Omni Logistics, LLC from Ridgemont Equity Partners, EVE Partners, LLC and others at an enterprise value of $3.2 billion.

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

Now 29% undervalued after recent price drop

Forward Air Corporation (NasdaqGS:FWRD) entered into a definitive agreement to acquire Omni Logistics, LLC from Ridgemont Equity Partners, EVE Partners, LLC and others.

Upcoming dividend of US$0.24 per share at 0.9% yield

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

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Forward Air Corporation Declares Quarterly Cash Dividend, Payable on September 7, 2023

Price target increased by 9.0% to US$125

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

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

Upcoming dividend of US$0.24 per share at 1.0% yield

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

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Now 20% undervalued

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

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

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

Upcoming dividend of US$0.24 per share at 0.9% yield

Now 23% undervalued after recent price drop

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?

Full year 2022 earnings: EPS misses analyst expectations

Forward Air Corporation Declares Quarterly Cash Dividend, Payable on March 17, 2023

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

Forward Air Corporation to Report Q4, 2022 Results on Feb 08, 2023

Forward Air Corporation (NasdaqGS:FWRD) agreed to acquire assets of Land Air Express, Inc. for $56.5 million.

Chief Operating Officer recently sold US$302k worth of stock

Chief Operating Officer notifies of intention to sell stock

An Intrinsic Calculation For Forward Air Corporation (NASDAQ:FWRD) Suggests It's 28% Undervalued

Upcoming dividend of US$0.24 per share

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

Forward Air Corporation (NasdaqGS : FWRD) entered into an agreement to acquire Assets of Chickasaw Container Services, Inc.

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Forward Air Corporation Provides Earnings Guidance for the Fourth Quarter and Full Year 2022

Forward Air Corporation to Report Q3, 2022 Results on Oct 26, 2022

Under The Bonnet, Forward Air's (NASDAQ:FWRD) Returns Look Impressive

Forward Air reports mid-quarter 16% growth in revenue per shipment through August

Nancee Ronning Joins Forward Air Corporation as Chief Commercial Officer at the End of September 2022