Forward Air Corporation (FWRD)

Currency in USD
17.80
+2.39(+15.51%)
Closed·
18.19+0.39(+2.19%)
·
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Fair Value
Day's Range
16.3318.73
52 wk Range
7.8632.00
Key Statistics
Prev. Close
17.8
Open
17.69
Day's Range
16.33-18.73
52 wk Range
7.86-32
Volume
1.47M
Average Volume (3m)
1.36M
1-Year Change
-40.027%
Book Value / Share
-3.65
Fair Value
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Fair Value Upside
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FWRD Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
22.50
Upside
+26.40%
Members' Sentiments
Bearish
Bullish
ProTips
Significant return over the last week

Forward Air Corporation News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Buy
Technical Indicators
Strong Buy
Moving Averages
Strong Buy

Analyst Ratings

2 Buy
3 Hold
0 Sell
Ratings:
5 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 22.50
(+26.40% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Stifel
Buy27.00+51.69%19.00MaintainAug 06, 2026
Stifel
Buy19.00+6.74%17.00MaintainJul 21, 2026
Benchmark
Hold---MaintainMay 13, 2026
Stifel
Buy17.00-4.49%30.00MaintainMay 08, 2026
Susquehanna
Buy18.00+1.12%42.00MaintainMay 08, 2026

Forward Air Corporation Earnings Call Summary for Q2/2026

  • Forward Air Q2 revenue hit $673M, beating $632M forecast by 6.5%; consolidated EBITDA rose 17.7% to $93M with improved margins across segments.
  • Company posted $6.38 loss per share vs. $0.16 expected, driven by $244M non-cash goodwill impairment in Omni Logistics; shares surged 10.72% after hours.
  • Expedited Freight EBITDA jumped 43% to $43M with margin expanding to 13.6%; best performance since early 2024 amid improved pricing discipline.
  • Management expects to retain 50-75% of $250M annual revenue from largest customer; Intermodal divestiture on track to close by end of 2026.
  • Executives forecast gradual freight recovery supported by seven months of PMI expansion and tightening capacity; diesel prices up 51% in four months.
Last Updated: 2026-08-05, 05:26 p/m
Read Full Transcript

Earnings

Latest Release
Aug 05, 2026
EPS / Forecast
-6.38 / -0.16
Revenue / Forecast
673.03M / 631.97M
EPS Revisions
Last 90 days

FWRD Income Statement

Compare FWRD to Peers and Sector

Metrics to compare
FWRD
Peers
Sector
Relationship
P/E Ratio
−2.1x44.5x12.3x
PEG Ratio
0.06−5.820.03
Price/Book
−5.2x3.1x1.4x
Price / LTM Sales
0.2x1.2x1.2x
Upside (Analyst Target)
26.4%16.5%25.4%
Fair Value Upside
Unlock−1.8%7.0%Unlock

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada. The company operates through three segments: Expedited Freight, Omni Logistics, and Intermodal. Its Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Omni Logistics segment offers full suite of global logistics services, such as air and ocean freight consolidation and forwarding, customs brokerage, warehousing and distribution, value-added services, time-definite transportation services, and other supply chain solutions. Its Intermodal segment provides intermodal container drayage services; and contract and container freight station warehouse and handling services. The company serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was incorporated in 1981 and is headquartered in Dallas, Texas.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
6.92M21.88%106.64M
Other Institutional Investors
29.83M78.12%459.67M
Public Companies & Retail Investors
0.000.00%0.00
Total
36.75M100.00%566.31M

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
Clearlake Capital Group, L.P.12.09%3,825,00058,943
Clearlake Capital Partners VII, L.P.8.51%2,691,67741,479

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FAQ

What Is the Forward Air (FWRD) Stock Price Today?

The Forward Air stock price today is 17.80 USD.

What Stock Exchange Does Forward Air Trade On?

Forward Air is listed and trades on the Nasdaq Stock Exchange.

What Is the Stock Symbol for Forward Air?

The stock symbol for Forward Air is "FWRD."

What Is the Forward Air Market Cap?

As of today, Forward Air market cap is 601.30M USD.

What Is Forward Air's Earnings Per Share (TTM)?

The Forward Air EPS (TTM) is -9.05.

When Is the Next Forward Air Earnings Date?

Forward Air will release its next earnings report on Oct 28, 2026.

From a Technical Analysis Perspective, Is FWRD a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.

How Many Times Has Forward Air Stock Split?

Forward Air has split 3 times.

How Many Employees Does Forward Air Have?

Forward Air has 6209 employees.

What is the current trading status of Forward Air (FWRD)?

As of Aug 07, 2026, Forward Air (FWRD) is trading at a price of 17.80 USD, with a previous close of 17.80 USD. The stock has fluctuated within a day range of 16.33 USD to 18.73 USD, while its 52-week range spans from 7.86 USD to 32.00 USD.

What Is Forward Air (FWRD) Price Target According to Analysts?

The average 12-month price target for Forward Air is 22.50 USD, with a high estimate of 27 USD and a low estimate of 18 USD. 2 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Buy. The stock has an +26.40% Upside potential.

What Is the FWRD Premarket Price?

FWRD's last pre-market stock price is 18.19 USD. The pre-market share volume is 10.00, and the stock has decreased by 0.39, or 2.19%.

What Is the FWRD After Hours Price?

FWRD's last after hours stock price is 17.23 USD, the stock has decreased by -0.57, or -3.20%.
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