Forward Air Corp (Delaware) reports results for the quarter ended June 30 - Earnings Summary

• Forward Air Corp (Delaware) FWRD.OQ reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $3.39. The mean expectation of six analysts for the quarter was for a loss of 27 cents per share. Wall Street expected results to range from -45 cents to -8 cents per share.

• Revenue fell 3.9% to $618.84 million from a year ago; analysts expected $627.98 million.

• Forward Air Corp (Delaware)'s reported EPS for the quarter was a loss of 41 cents​.

• The company reported a quarterly loss of $12.58 million.

• Forward Air Corp (Delaware) shares had risen by 23.3% this quarter and lost 6.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is also "buy"

• Wall Street's median 12-month price target for Forward Air Corp (Delaware) is $34.00, about 16% above its last closing price of $28.57

This summary was machine generated from LSEG data August 11 at 10:35 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)