Forward Air Q2 2024 GAAP EPS $(23.29) Down From $0.65 YoY, Sales $643.666M Beat $642.925M Estimate
Portfolio Pulse from Benzinga Newsdesk
Forward Air (NASDAQ:FWRD) reported a significant quarterly loss of $(23.29) per share for Q2 2024, a drastic decline from $0.65 per share in the same period last year. Despite this, the company achieved sales of $643.666 million, slightly surpassing the analyst estimate of $642.925 million and marking a 92.93% increase from the previous year's $333.622 million.
August 07, 2024 | 10:08 pm
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Forward Air reported a significant quarterly loss of $(23.29) per share for Q2 2024, a drastic decline from $0.65 per share in the same period last year. However, the company achieved sales of $643.666 million, slightly surpassing the analyst estimate of $642.925 million and marking a 92.93% increase from the previous year's $333.622 million.
The significant drop in EPS from $0.65 to $(23.29) is likely to negatively impact investor sentiment and the stock price in the short term, despite the slight beat in sales estimates and substantial year-over-year sales growth.
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