Forward Air Q1 2024 Adj EPS $(0.64) Misses $(0.11) Estimate, Sales $541.813M Miss $604.012M Estimate
Portfolio Pulse from Benzinga Newsdesk
Forward Air (NASDAQ:FWRD) reported Q1 2024 adjusted EPS of $(0.64), missing the $(0.11) estimate significantly, and sales of $541.813M, also below the $604.012M estimate. This represents a 150.39% decrease in earnings and a 51.47% increase in sales compared to the same period last year.
May 09, 2024 | 7:01 am
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Forward Air reported a significant miss in Q1 2024 earnings and sales, with adjusted EPS of $(0.64) and sales of $541.813M, both below estimates.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with a substantial decrease in earnings from the previous year, is likely to negatively impact investor sentiment and the stock price of Forward Air in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100