FWRD
Forward Air Corporation
NASDAQ: FWRD · INDUSTRIALS · INTEGRATED FREIGHT & LOGISTICS
$21.06
-2.09% today
Updated 2026-04-30
Market cap
$739.63M
P/E ratio
—
P/S ratio
0.30x
EPS (TTM)
$-3.51
Dividend yield
—
52W range
$14 – $32
Volume
0.7M
Forward Air Corporation (FWRD) Earnings
Quarterly earnings history, analyst estimates, and stock price reaction.
EPS beat streak
1 of 8
Last 8 quarters
Avg EPS surprise
-152.7%
Last 4 quarters
Revenue YoY growth
-0.3%
Most recent quarter
EPS YoY growth
+26.6%
Most recent quarter
Earnings surprise history (last 12 quarters)
Beat estimate Missed estimate
Quarterly EPS and revenue trend
Quarterly revenue EPS (diluted)
How the stock reacts to earnings
Avg 1-day reaction
+5.1%
Last 2 reports
Positive reaction rate
50%
1 of 2 quarters
Largest single-day move
+15.2%
2025-11-05
| Report date | EPS actual | Surprise | Close before | Close after | 1-day reaction |
|---|---|---|---|---|---|
| 2026-02-23 | $-0.91 | -1548.6% | $27.82 | $26.43 | -5.0% |
| 2025-11-05 | $-0.52 | -229.3% | $18.14 | $20.90 | +15.2% |
Quarterly earnings history
| Fiscal quarter ending | EPS estimate | EPS actual | Surprise | Revenue | YoY revenue |
|---|---|---|---|---|---|
| 2025-12-31 | $-0.06 | $-0.91 | -1548.6% | $631.23M | -0.3% |
| 2025-09-30 | $-0.16 | $-0.52 | -229.3% | $631.76M | -3.7% |
| 2025-06-30 | $-0.23 | $-0.41 | -77.0% | $618.84M | -3.9% |
| 2025-03-31 | $-0.48 | $-1.13 | -133.8% | $613.28M | +13.2% |
| 2024-12-31 | $-0.12 | $-1.24 | -962.6% | $632.85M | +394.3% |
| 2024-09-30 | $-0.16 | $-1.74 | -987.5% | $655.94M | +92.4% |
| 2024-06-30 | $-0.18 | $3.39 | +1983.3% | $643.67M | +92.9% |
| 2024-03-31 | $-0.11 | $-0.64 | -481.8% | $541.81M | +51.5% |
| 2023-12-31 | $0.98 | $0.81 | -17.3% | $128.04M | — |
| 2023-09-30 | $1.11 | $0.99 | -10.8% | $340.98M | — |
| 2023-06-30 | $1.28 | $0.91 | -28.9% | $333.62M | — |
| 2023-03-31 | $1.31 | $1.37 | +4.6% | $357.71M | — |
Frequently asked questions
Has Forward Air Corporation beaten earnings estimates?
Forward Air Corporation has beaten Wall Street EPS estimates in 1 of its last 8 quarterly reports, with an average EPS surprise of -152.7% over the last 4 quarters.
How does FWRD stock react to earnings?
FWRD stock has moved an average of +5.1% in the trading day following earnings over its last 2 reports, with positive reactions in 50% of those quarters.
What is Forward Air Corporation's revenue growth rate?
Forward Air Corporation reported year-over-year revenue growth of -0.3% in its most recent quarter, with EPS growing +26.6% year-over-year.