Forward Air Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Forward Air (NASDAQ:FWRD) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.47b (up 81% from FY 2023).
• Net loss: US$810.6m (down from US$41.9m profit in FY 2023).
• US$29.43 loss per share (down from US$1.62 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Forward Air EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 4.2%.

Looking ahead, revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Logistics industry in the US.

Performance of the American Logistics industry.

The company's shares are down 24% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Forward Air you should know about.

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