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
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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.
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RELEVANCE 100