Forward Air Corporation (FWRD)
| Market Cap | 586.96M -13.5% |
| Revenue (ttm) | 2.56B +2.5% |
| Net Income | -258.57M |
| EPS | -8.03 |
| Shares Out | 33.75M |
| PE Ratio | n/a |
| Forward PE | 33.37 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 350,071 |
| Open | 17.17 |
| Previous Close | 17.16 |
| Day's Range | 17.06 - 17.61 |
| 52-Week Range | 7.86 - 31.18 |
| Beta | 1.31 |
| Analysts | Buy |
| Price Target | 26.50 (+52.39%) |
| Earnings Date | Nov 9, 2026 |
About FWRD
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada. The company operates through three segments: Expedited Freight, Omni Logistics, and Intermodal. Its Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.... [Read more]
Financial Performance
In 2025, Forward Air's revenue was $2.50 billion, an increase of 0.84% compared to the previous year's $2.47 billion. Losses were -$107.80 million, -87.22% less than in 2024.
Financial StatementsAnalyst Summary
According to 5 analysts, the average rating for FWRD stock is "Buy." The 12-month stock price target is $26.5, which is an increase of 52.39% from the latest price.
News
Forward Air price target raised to $28 from $27 at Stifel
Stifel raised the firm’s price target on Forward Air (FWRD) to $28 from $27 and keeps a Buy rating on the shares.
Forward Air Earnings Call Transcript: Q3 2026
Record revenue and stronger EBITDA reflected broad-based segment gains, disciplined costs and improved leverage. A two-year customer agreement supports retained-service growth, while Q4 is expected to reflect usual seasonality and fewer working days.
Forward Air Earnings release: Q3 2026
Forward Air released its Q3 2026 earnings on November 9, 2026, summarizing the period's financial results.
Forward Air Slides: Q3 2026
Forward Air has posted slides in relation to its Q3 2026 quarterly earnings report, which was published on November 9, 2026.
Forward Air Quarterly report: Q3 2026
Forward Air has published its Q3 2026 quarterly earnings report on November 9, 2026.
Forward Air reports Q3 EPS 34c vs 5c last year
Reports Q3 revenue $673.9M, consensus $673.4M. “We are pleased to deliver another quarter of very solid results,” said Shawn Stewart, President and Chief Executive Officer. “Consolidated operating rev...
Forward Air Corporation Reports Third Quarter 2026 Results
DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company,” “Forward,” “we,” “our,” or “us”) today reported financial results for the three months ended September 30, 2026, as prese...
Forward Air announces agreement to retain portion of customer relationship
Forward Air (FWRD) Corporation has entered into a definitive agreement with one of its largest customers under which the Customer has agreed to continue utilizing the Company for a significant…
Forward Air Announces Two-Year Definitive Agreement to Retain Significant Portion of Previously Disclosed Customer Relationship
DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company,” “Forward,” “we,” “our,” or “us”) today announced that it has entered into a definitive agreement (“the Agreement”) with ...
Forward Air Corporation Announces Timing of Third Quarter 2026 Earnings Release and Conference Call
DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) will release its third quarter 2026 earnings after the market closes on Monday, November 9, 2026, and hold ...
Forward Air price target lowered to $24 from $27 at Stifel
Stifel lowered the firm’s price target on Forward Air (FWRD) to $24 from $27 and keeps a Buy rating on the shares. Entering Q3 less-than-truckload earnings season, the firm says…
Forward Air price target lowered to $25 from $29 at Susquehanna
Susquehanna lowered the firm’s price target on Forward Air (FWRD) to $25 from $29 and keeps a Positive rating on the shares. The firm adjusted targets in the trucking and…
Forward's 5th Annual Drive for Hope Golf Tournament Raises Record-Breaking $700,000 for Hope For The Warriors
DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company,” “Forward,” “we,” “our,” or “us”) today announced that its 5th Annual Drive for Hope Golf Tournament raised $700,000 in su...
Forward Air price target raised to $29 from $18 at Susquehanna
Susquehanna raised the firm’s price target on Forward Air (FWRD) to $29 from $18 and keeps a Positive rating on the shares. The firm said things are looking good for…
Forward Air price target raised to $27 from $19 at Stifel
Stifel analyst J. Bruce Chan raised the firm’s price target on Forward Air (FWRD) to $27 from $19 and keeps a Buy rating on the shares.
Forward Air Earnings Call Transcript: Q2 2026
Record quarterly revenue and EBITDA were achieved, driven by strong segment performance and strategic pricing. Non-core asset sales and a major customer retention MOU support future growth and deleveraging, despite a large non-cash impairment.
Forward Air Earnings release: Q2 2026
Forward Air released its Q2 2026 earnings on August 5, 2026, summarizing the period's financial results.
Forward Air Slides: Q2 2026
Forward Air has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 5, 2026.
Forward Air Quarterly report: Q2 2026
Forward Air has published its Q2 2026 quarterly earnings report on August 5, 2026.
Forward Air reports Q2 EPS ($6.33), consensus (15c)
Reports Q2 revenue $673.04M, consensus $633.13M. “We are pleased to deliver another solid quarter and we are seeing momentum from our transformational efforts, combined with an improving freight marke...
Forward Air Corporation Reports Second Quarter 2026 Results
DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company,” “Forward,” “we,” “our,” or “us”) today reported financial results for the three months ended June 30, 2026, as presented ...
Forward Air price target raised to $19 from $17 at Stifel
Stifel raised the firm’s price target on Forward Air (FWRD) to $19 from $17 and keeps a Buy rating on the shares. Earlier this year, Forward Air disclosed the potential…
Forward Air provides discussion update with one of largest customers
Forward Air (FWRD) provided an update regarding ongoing discussions with one of its largest customers. As previously disclosed on May 7, 2026, the Company has been engaged in discussions with…
Forward Air Corporation Provides Customer Update
DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”) today provided an update regarding ongoing discussions with one of its largest customers...
Forward Air Corporation Announces Timing of Second Quarter 2026 Earnings Release and Conference Call
DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) will release its second quarter 2026 earnings after the market closes on Wednesday, August 5, 2026, and hol...