Forward Air Corporation (FWRD)
| Market Cap | 516.85M -11.8% |
| Revenue (ttm) | 2.52B -0.1% |
| Net Income | -286.20M |
| EPS | -9.06 |
| Shares Out | 33.78M |
| PE Ratio | n/a |
| Forward PE | 113.33 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 272,939 |
| Open | 15.35 |
| Previous Close | 15.62 |
| Day's Range | 15.00 - 15.60 |
| 52-Week Range | 7.86 - 31.18 |
| Beta | 1.41 |
| Analysts | Buy |
| Price Target | 24.50 (+60.13%) |
| 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 $24.5, which is an increase of 60.13% from the latest price.
News
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...
Forward Air executive chairman Jerome Lorrain resigns
According to a regulatory filing, on July 10, 2026, Jerome Lorrain resigned as the Executive Chairman of the Board of Directors of Forward Air (FWRD) Corporation. Lorrain will continue to…
Forward Air could be ‘complementary fit’ for Amazon’s LTL offering, FW reports
Amazon’s (AMZN) newly launched national LTL network provides a strong economy-tier freight platform, but acquiring Forward Air (FWRD) could quickly add a premium expedited offering, leveraging Forward...
Forward Air Corporation Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses
SAN DIEGO, May 08, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Forward Air Corporation (NASDAQ: FWRD). The investigation focuses on Forwar...
Forward Air price target lowered to $18 from $42 at Susquehanna
Susquehanna lowered the firm’s price target on Forward Air (FWRD) to $18 from $42 and keeps a Positive rating on the shares. The firm updated its model following its announcement…
Forward Air price target lowered to $17 from $30 at Stifel
Stifel lowered the firm’s price target on Forward Air (FWRD) to $17 from $30 and keeps a Buy rating on the shares.
Forward Air reports Q1 EPS ($1.09), consensus (37c)
Reports Q1 revenue $582.0M, consensus $620.2M. The company states: “While no formal notices of termination have been delivered, the Company is currently in active discussions with one of its largest…
Forward Air down 46% at $9.30 after Q1 results
16:37 EDT Forward Air (FWRD) down 46% at $9.30 after Q1 results
Forward Air Earnings Call Transcript: Q1 2026
Q1 2026 saw operating income rise to $20M and adjusted EBITDA to $70M, with strong liquidity of $402M. Management is addressing a major customer transition expected to impact 2027 and is divesting non-core assets totaling $394M in revenue.
Forward Air Earnings release: Q1 2026
Forward Air released its Q1 2026 earnings on May 7, 2026, summarizing the period's financial results.