Forward Air's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Forward Air (NASDAQ:FWRD) is set to release its quarterly earnings report on October 30, 2023. Analysts estimate an EPS of $1.11. The company's previous quarter saw a miss in EPS by $0.37, resulting in a 5.68% drop in share price. The company's shares are currently trading at $71.86, down 33.48% over the last 52-week period.
October 27, 2023 | 6:02 pm
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Forward Air is expected to report an EPS of $1.11 for the upcoming quarter. The company's stock price may be affected by the earnings report, as seen in the previous quarter when a miss in EPS led to a 5.68% drop in share price.
The company's stock price has shown to be sensitive to its earnings reports. Last quarter, a miss in EPS led to a significant drop in share price. Given that the company's shares are already down 33.48% over the last 52-week period, another miss in EPS could lead to further decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100