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FWRD

Forward Air Corporation (FWRD)

Industrials • Integrated Freight & Logistics

StockNasdaqGSUnited StatesUS34986A1043

17.14 USD -0.58% today Updated 12 Nov 2026 20:51

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Price history

Daily prices in USD. Dividends, results and news are marked on the day they happened; click a day to see them.

All time

Updated 12 Nov 2026 20:51. Information, not advice. Showing the last 12 months. Create a free account to see the whole history

Results

Next results 22 Feb 2027 in 101 days · 16:00 · estimate 0.07
Last results 0.66 vs 0.13 estimated 09 Nov 2026 · Beat +407.1%
Beat the estimate 7 of 12 5 missed · 0 in line · 6 beats in a row
Average surprise +687.1% reported against the estimate, last 12 quarters

Earnings per share: estimate and reported

28 Feb 2024: estimate 0.98 28 Feb 2024: reported 0.81 02/24 08 May 2024: estimate -0.15 08 May 2024: reported -0.64 05/24 07 Aug 2024: estimate -0.18 07 Aug 2024: reported 17.74 08/24 04 Nov 2024: estimate -0.23 04 Nov 2024: reported -1.49 11/24 26 Feb 2025: estimate -0.12 26 Feb 2025: reported -2.88 02/25 07 May 2025: estimate -0.48 07 May 2025: reported -1.13 05/25 11 Aug 2025: estimate -0.26 11 Aug 2025: reported 0.06 08/25 05 Nov 2025: estimate -0.12 05 Nov 2025: reported 0.07 11/25 23 Feb 2026: estimate -0.26 23 Feb 2026: reported -0.19 02/26 07 May 2026: estimate -0.37 07 May 2026: reported -0.20 05/26 05 Aug 2026: estimate -0.15 05 Aug 2026: reported 1.53 08/26 09 Nov 2026: estimate 0.13 09 Nov 2026: reported 0.66 11/26

Estimate Reported: beat Reported: miss In line

Quarterly results

DateEPS estimateEPS reportedSurpriseResult
22 Feb 2027 16:00 0.07 — — Upcoming
09 Nov 2026 16:00 0.13 0.66 +407.1% Beat
05 Aug 2026 16:00 -0.15 1.53 +1,096.1% Beat
07 May 2026 16:00 -0.37 -0.20 +45.7% Beat
23 Feb 2026 16:00 -0.26 -0.19 +30.0% Beat
05 Nov 2025 16:00 -0.12 0.07 +160.7% Beat
11 Aug 2025 16:00 -0.26 0.06 +122.4% Beat
07 May 2025 16:00 -0.48 -1.13 -133.8% Miss
26 Feb 2025 16:00 -0.12 -2.88 -2,365.8% Miss
04 Nov 2024 16:00 -0.23 -1.49 -546.6% Miss
07 Aug 2024 16:00 -0.18 17.74 +9,777.7% Beat
08 May 2024 20:00 -0.15 -0.64 -330.8% Miss
28 Feb 2024 18:00 0.98 0.81 -17.1% Miss
30 Oct 2023 17:00 1.12 0.99 -11.4% Miss
02 Aug 2023 16:00 1.32 0.91 -31.3% Miss
01 May 2023 16:00 1.30 1.37 +5.5% Beat
08 Feb 2023 16:00 1.94 1.65 -14.7% Miss
26 Oct 2022 16:00 1.90 1.93 +1.4% Beat
27 Jul 2022 16:00 1.83 2.04 +11.7% Beat
27 Apr 2022 16:00 1.43 1.57 +9.8% Beat
09 Feb 2022 17:00 1.29 1.40 +8.4% Beat
27 Oct 2021 18:00 1.08 1.14 +5.9% Beat
29 Jul 2021 17:00 1.01 1.11 +10.2% Beat
29 Apr 2021 16:00 0.57 0.60 +4.7% Beat
11 Feb 2021 17:00 0.73 0.55 -24.7% Miss
29 Oct 2020 16:00 0.40 0.67 +69.2% Beat
30 Jul 2020 16:00 0.31 0.33 +6.5% Beat
30 Apr 2020 17:00 0.39 0.30 -22.3% Miss
06 Feb 2020 16:00 0.92 0.85 -8.0% Miss
24 Oct 2019 16:00 0.78 0.78 +0.2% In line
25 Jul 2019 16:00 0.79 0.78 -1.4% Miss
24 Apr 2019 16:00 0.62 0.64 +3.6% Beat
07 Feb 2019 16:00 0.82 0.95 +15.5% Beat
24 Oct 2018 16:00 0.80 0.76 -5.2% Miss
25 Jul 2018 16:00 0.76 0.82 +8.3% Beat
25 Apr 2018 16:00 0.57 0.60 +5.5% Beat
07 Feb 2018 16:00 0.62 0.65 +4.9% Beat
25 Oct 2017 16:00 0.58 0.60 +2.8% Beat
26 Jul 2017 16:00 0.58 0.64 +10.3% Beat
26 Apr 2017 16:00 0.41 0.47 +16.0% Beat
08 Feb 2017 16:00 0.55 0.58 +4.9% Beat
20 Oct 2016 16:00 0.51 0.51 +0.7% In line
21 Jul 2016 16:00 0.58 0.57 -2.0% Miss
21 Apr 2016 16:00 0.43 0.43 +1.0% Beat
09 Feb 2016 16:00 0.65 0.76 +16.1% Beat
21 Oct 2015 16:00 0.59 0.58 -1.2% Miss
21 Jul 2015 16:00 0.61 0.51 -15.8% Miss
21 Apr 2015 16:00 0.40 0.40 -0.8% In line
10 Feb 2015 16:00 0.56 0.55 -1.1% Miss
23 Oct 2014 16:00 0.59 0.54 -8.8% Miss
22 Jul 2014 16:00 0.56 0.55 -1.1% Miss
21 Apr 2014 16:00 0.37 0.33 -11.7% Miss

Annual results · USD

YearRevenueChangeNet income Net marginEPSEPS changeFree cash flow
2025 2.5B +0.8% -107.8M -4.3% -3.51 +88.2% 15.3M
2024 2.5B +80.5% -817M -33.0% -29.66 -563.4% -112.5M
2023 1.4B -18.4% 167.4M 12.2% 6.40 -10.4% 150.7M
2022 1.7B — 193.2M 11.5% 7.14 — 219.8M

Dates and earnings per share from the company reports as collected by the data provider; the estimate is the analysts' average before the report. Information, not advice.

Prices by day, week and month

Price history in USD, by day
PeriodOpening priceHighLow Closing priceChangeVolumeDividend
12 Nov 2026 17.05 17.51 17.05 17.14 -0.58% 248,864
11 Nov 2026 18.17 18.81 17.07 17.24 -5.95% 619,100
10 Nov 2026 18.97 19.24 16.73 18.33 +3.85% 939,200
09 Nov 2026 17.00 18.10 16.88 17.65 +6.07% 483,300
06 Nov 2026 16.93 18.10 16.61 16.64 -1.71% 352,800
05 Nov 2026 19.03 19.45 16.76 16.93 -11.27% 480,500
04 Nov 2026 18.08 19.44 18.08 19.08 +3.70% 459,200
03 Nov 2026 18.32 18.75 17.94 18.40 +0.44% 401,300
02 Nov 2026 17.84 19.09 17.78 18.32 +3.97% 386,100
30 Oct 2026 17.89 18.35 17.25 17.62 -1.40% 441,700
1,254 older periods: create a free account to see the whole history

Prices in USD, adjusted for splits but not for dividends. Weeks run Monday to Friday and months follow the calendar; the change compares each close with the previous period's. Dividends are those whose ex-dividend date falls in the period, per share. Information, not advice.

News

Headlines link to the original articles of the publishers shown; Kyvero does not write, check or endorse them. Only the most relevant news about each company is kept. Information, not advice.

Key data

Previous close
17.24 USD
Market cap
581.2M
5-year average yield
1.03%
Payout ratio
59%
Last dividend
0.2400 USD · 21 Nov 2023
Exchange
NasdaqGS
Country
United States
Sector
Industrials
Industry
Integrated Freight & Logistics
Currency
USD

Dividends

Ex-dividend datePer share
21 Nov 20230.2400 USD
16 Aug 20230.2400 USD
24 May 20230.2400 USD
01 Mar 20230.2400 USD
8 older dividends: create a free account to see them

Why this score

How the score is made up
Part of the scorePointsWhy
Business growth Yearly growth of revenue and of earnings per share. 23.5 / 25
  • Revenue growth of 14.1% a year
Quality Return on equity, net margin and how stable the margins are. 0.0 / 25
  • ROE of -717%
Financial strength Net debt against operating earnings, interest cover and free cash flow. 6.7 / 20
  • Net debt is 6.2× EBITDA
  • Free cash flow yield of 13.0%
Valuation Free cash flow yield and the P/E against its sector. 9.5 / 15
  • Forward P/E 32.4: it is expected to earn money
Analysts How far the analysts' average target is from today's price. 10.0 / 10
  • Analysts' target is +52% from the price
  • Score capped at 50: three or more warnings
  • Heavy debt: net debt is 6.2× EBITDA
  • Thin interest cover: operating profit is only 0.2× the interest
  • The last full year was a loss
  • Total debt has risen three years in a row

Growth profile: it pays no dividend, so it is scored on business growth, quality and financial strength. Based on 95% of the figures (grade A). Warnings take 18 points off.

Warnings take points off and some cap the score. In your account the score also considers how the share fits your portfolio. How the score works

Figures

Valuation
FigureValueReading Sector median
P/E (forward) 32.38× Weak 16.79×
Price / book -5.81× Weak 3.05×
Price / sales 0.23× Good 1.8×
EV / EBITDA 7.99× Good 13.22×
Free cash flow yield 13% Good 3.1%
Quality
FigureValueReading Sector median
Gross margin 22.1% Fair 29.6%
Operating margin 6.1% Weak 9%
Net margin -10.1% Weak 5.1%
Return on equity -716.6% Weak 12.3%
Return on assets 3.7% Fair 4.7%
Growth
FigureValueReading Sector median
Revenue growth / year 14.1% Good 5.5%
Financial health
FigureValueReading Sector median
Debt / equity 19.05× Weak 0.59×
Net debt / EBITDA 6.16× Weak 1.89×
Interest cover 0.2× Weak 5.14×
Current ratio 1.41× Fair 1.74×
Dividends
FigureValueReading Sector median
Payout of earnings 58.5% Fair 17%
Payout of free cash flow (3 years) 46.7% Good —
Dividend growth / year 9.2% Good 6.8%
Years of rising dividends 0 Weak 2

The reading follows general rules of thumb and each sector has its own norms: compare with the sector median when it is shown. Information, not advice.

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