Forward Air Q3 Adj. EPS $0.99 vs $1.11 Est., Operating Revenue $413.447M vs $419.574M Est.
Portfolio Pulse from Benzinga Newsdesk
Forward Air Corporation reported Q3 adjusted EPS of $0.99, which is lower than the estimated $1.11. The company's operating revenue was $413.447M, also below the estimated $419.574M.
October 30, 2023 | 9:02 pm
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NEGATIVE IMPACT
Forward Air's Q3 earnings and revenue missed estimates, which could negatively impact the company's stock price in the short term.
Forward Air's Q3 earnings and revenue fell short of estimates. This underperformance could lead to a decrease in the company's stock price as it indicates that the company may not be performing as well as expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100