Reported Late Wednesday, Forward Air Q4 Adj. EPS $0.81 Misses $0.98 Estimate, Sales $338.43M Miss $407.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
Forward Air (NASDAQ:FWRD) reported Q4 adjusted EPS of $0.81, missing the $0.98 estimate, and sales of $338.43M, missing the $407.76M estimate. This represents a significant decrease from the same period last year, with earnings down 50.91% and sales down 29.67%.
February 29, 2024 | 7:24 am
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NEGATIVE IMPACT
Forward Air reported a significant miss in both earnings and sales for Q4, with a notable year-over-year decline.
The substantial miss in both earnings per share and sales compared to analyst estimates, coupled with the significant year-over-year decline in these metrics, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100