Forward Air Q2 EPS $0.91 Misses $1.28 Estimate, Sales $402.18M Miss $454.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Forward Air reported Q2 earnings of $0.91 per share, missing the analyst consensus estimate of $1.28 by 28.91%. This is a 55.39% decrease from the same period last year. The company also reported quarterly sales of $402.18 million, missing the analyst consensus estimate of $454.80 million by 11.57%. This is a 21.94% decrease from the same period last year.
August 04, 2023 | 12:13 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Forward Air's Q2 earnings and sales missed estimates, marking a significant decrease from the same period last year.
Forward Air's earnings and sales for Q2 significantly missed analyst estimates, and also marked a substantial decrease from the same period last year. This negative financial performance is likely to negatively impact the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100