Forward Air Past Earnings Performance

Past criteria checks 0/6

Forward Air's earnings have been declining at an average annual rate of -49.7%, while the Logistics industry saw earnings growing at 13.1% annually. Revenues have been growing at an average rate of 7.6% per year.

Key information

-49.7%

Earnings growth rate

-49.7%

EPS growth rate

Logistics Industry Growth	19.0%
Revenue growth rate	7.6%
Return on equity	-328.1%
Net Margin	-36.3%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

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

Oct 02

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: 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

Revenue & Expenses Breakdown

How Forward Air makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:FWRD Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	2,180	-791	56
30 Jun 24	1,865	-711	52
31 Mar 24	1,555	-53	50
31 Dec 23	1,371	42	50
30 Sep 23	1,220	86	49
30 Jun 23	1,389	132	48
31 Mar 23	1,570	170	49
31 Dec 22	1,680	178	47
30 Sep 22	1,952	187	49
30 Jun 22	1,862	166	47
31 Mar 22	1,767	141	44
31 Dec 21	1,387	106	39
30 Sep 21	1,553	92	39
30 Jun 21	1,465	79	38
31 Mar 21	1,326	58	35
31 Dec 20	1,270	52	35
30 Sep 20	1,239	60	36
30 Jun 20	1,221	63	37
31 Mar 20	1,242	75	41
31 Dec 19	1,215	81	39
30 Sep 19	1,252	87	38
30 Jun 19	1,270	88	38
31 Mar 19	1,297	91	36
31 Dec 18	1,138	88	30
30 Sep 18	1,289	98	35
30 Jun 18	1,256	94	33
31 Mar 18	1,210	90	31
31 Dec 17	1,169	87	30
30 Sep 17	1,109	65	28
30 Jun 17	1,060	58	27
31 Mar 17	1,015	29	26
31 Dec 16	1,030	27	25
30 Sep 16	974	38	24
30 Jun 16	972	42	22
31 Mar 16	983	63	22
31 Dec 15	959	55	21
30 Sep 15	917	49	21
30 Jun 15	871	50	20
31 Mar 15	815	55	17
31 Dec 14	781	61	16
30 Sep 14	748	60	14
30 Jun 14	717	57	14
31 Mar 14	682	54	14
31 Dec 13	652	54	13

Quality Earnings: FWRD is currently unprofitable.

Growing Profit Margin: FWRD is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FWRD is unprofitable, and losses have increased over the past 5 years at a rate of 49.7% per year.

Accelerating Growth: Unable to compare FWRD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FWRD is unprofitable, making it difficult to compare its past year earnings growth to the Logistics industry (-11%).

Return on Equity

High ROE: FWRD has a negative Return on Equity (-328.1%), as it is currently unprofitable.

Forward Air Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Third quarter 2024 earnings: EPS misses analyst expectations

Forward Air Corporation to Report Q3, 2024 Results on Nov 04, 2024

Second quarter 2024 earnings: EPS misses analyst expectations

Forward Air Corporation to Report Q2, 2024 Results on Aug 07, 2024

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

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

Recent updates

Forward Air Corporation Appoints Eric Brandt as Chief Commercial Officer

Third quarter 2024 earnings: EPS misses analyst expectations

Forward Air Corporation to Report Q3, 2024 Results on Nov 04, 2024

Forward Air Reportedly Retains Investment Bankers to Lead Formal Sales Process

Price target increased by 22% to US$35.24

Alta Fox Capital Urges Forward Air Corp Board to Initiate a Formal Sales Process

Forward Air Corporation Announces Board Changes

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

Forward Air: Making Some Progress After A Considerable Mess

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

Activist Ancora Pushes Forward Air to Pursue Sale

Ancora Holdings Pushes Forward Air Corporation to Consider Sale

Consensus EPS estimates fall by 849%

Second quarter 2024 earnings: EPS misses analyst expectations

High number of new directors

Forward Air Corporation to Report Q2, 2024 Results on Aug 07, 2024

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

Forward Air Corporation Announces Board Appointments

Forward Air Corporation, Annual General Meeting, Jun 03, 2024

Forward Air Corporation Announces CFO Changes

Forward Air Corporation announced delayed 10-Q filing

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

Forward Air Corporation Announces Chief Executive Officer Changes

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