Forward Air Corporation (NASDAQ:FWRD) is set to announce third quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, FWRD to report 3Q20 income of $ 0.43 per share.
For the full year, analysts anticipate top line of $ 1284.75 million, while looking forward to income of $ 1.63 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.60 ~ $ 0.60 per share, while revenues are expected in a range of $ 330.00 million ~ $ 330.00 million
Click Here For More Historical Outlooks Of Forward Air Corporation
Previous Quarter Performance
Forward Air Corporation outlined income for the second quarter of $ 0.33 per share, from the revenue of $ 281.68 million. The quarterly earnings decreased 57.69 percent while revenues dropped 19.07 percent compared with the same quarter last year.
Wall street analysts are predicting, FWRD to report 2Q20 income of $ 0.12 per share from revenue of $ 276.66 million. The bottom line results beat street analysts by $ 0.21 or 175.00 percent, at the same time, top line results outshined analysts by $ 5.02 million or 1.81 percent.
Stock Performance
Shares of Forward Air Corporation traded low $ -2.58 or -4.11 percent on Wednesday, reaching $ 60.02 with volume of 302.90 thousand shares. Forward Air Corporation has traded high as $ 61.69 and has cracked $ 59.77 on the downward trend
According to the previous trading day, closing price of $ 60.02, representing a 58.12 % increase from the 52 week low of $ 39.59 and a 12.9 % decrease over the 52 week high of $ 71.87.
The company has a market capital of $ 1.68 billion and is part of the Industrials sector and Integrated Shipping & Logistics industry.
Recent Analyst recommendations
- On 29th September 2020, upgraded by Raymond James to Outperform from Market Perform rating.
Recent Stock Dividend Announcement
On July 23, 2020, the board of directors authorized quarterly dividend of $ 0.18 per share to holders of record as of the close of business on August 20, 2020, with payment date of September 9, 2020 and ex-dividend date on August 19, 2020.
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United State and Canada. The company operates through four segments: Expedited Less-Than-Truckload (LTL), Truckload Premium Services (TLS), Intermodal, and Pool Distribution (Pool). The Expedited LTL segment provides expedited regional, inter-regional, and national LTL services, as well as local pick-up and delivery services.
