Forward Air Sees Q4 Adj. EPS $0.98-$1.02 vs $1.13 Est., Revenue Down 7-17%
Portfolio Pulse from Benzinga Newsdesk
Forward Air has projected its Q4 adjusted EPS to be between $0.98 and $1.02, which is lower than the estimated $1.13. The company also expects its revenue to decrease by 7-17%.
October 30, 2023 | 9:03 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Forward Air's lower than expected Q4 adjusted EPS and predicted decrease in revenue could negatively impact its stock price.
Forward Air's projected Q4 adjusted EPS is lower than the estimated $1.13, and the company also expects its revenue to decrease by 7-17%. This could lead to a negative sentiment among investors, potentially causing a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100