Forward Air Corporation (FWRD)

Currency in USD
17.16
-0.08(-0.46%)
Closed·
17.160.00(0.00%)
·
Advertisement
FWRD is not included in our AI-picked strategies. See which stocks are.
Fair Value
Day's Range
17.0517.51
52 wk Range
7.8631.18
Key Statistics
Prev. Close
17.24
Open
17.05
Day's Range
17.05-17.51
52 wk Range
7.86-31.18
Volume
368.81K
Average Volume (3m)
471.65K
1-Year Change
-23.2901%
Book Value / Share
-2.95
Fair Value
unlockUnlock
Fair Value Upside
unlockUnlock
FWRD Scorecardpro icon
Company’s Health
Unlock
Fair Value
Unlock Price
Fair Price
Upside
Price Target
26.00
Upside
+51.52%
Members' Sentiments
Bearish
Bullish
ProTips
2 analysts have revised their earnings upwards for the upcoming period

Forward Air Corporation News & Analysis

Show more

Technical Analysis

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

Analyst Ratings

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

Analysts 12-Month Price Target:

Average 26.00
(+51.52% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Stifel
Buy28.00+63.17%27.00Maintain10/11/2026
Stifel
Buy27.00+57.34%24.00Maintain29/10/2026
Stifel
Buy24.00+39.86%27.00Maintain08/10/2026
Susquehanna
Buy25.00+45.69%29.00Maintain02/10/2026
Susquehanna
Buy29.00+69.00%18.00Maintain13/08/2026

Forward Air Corporation Earnings Call Summary for Q3/2026

  • Forward Air beat Q3 2026 profit estimates with adjusted EPS of $0.34 vs. $0.12 expected; revenue slightly missed at $673.86M.
  • Operating income nearly tripled YoY to $44M; EBITDA margin expanded 280bps to 15.1% driven by cost control and operating leverage.
  • Company secured two-year agreement with major customer for services exceeding $250M, supporting revenue stability through 2027.
  • Paused Intermodal sale citing improved performance and stronger drayage market; leverage fell below 5x with $446M liquidity.
  • Q4 expected seasonally softer but with similar trends; management sees further margin improvement potential despite not issuing formal 2027 guidance.
Last Updated: 09/11/2026, 22:12
Read Full Transcript

Earnings

Latest Release
09/11/2026
EPS / Forecast
0.34 / 0.12
Revenue / Forecast
673.86M / 677.45M
EPS Revisions
Last 90 days

Compare FWRD to Peers and Sector

Metrics to compare
FWRD
Peers
Sector
Relationship
P/E Ratio
−2.3x29.1x11.0x
PEG Ratio
0.031.280.03
Price/Book
−5.8x1.9x1.4x
Price / LTM Sales
0.2x0.9x1.1x
Upside (Analyst Target)
51.6%30.8%31.0%
Fair Value Upside
Unlock6.1%9.4%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
7.17M21.24%123.67M
Other Institutional Investors
30.12M78.76%519.20M
Public Companies & Retail Investors
0.000.00%0.00
Total
37.29M100.00%642.87M

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
Clearlake Capital Group, L.P.11.32%3,825,00065,943
Clearlake Capital Partners VII, L.P.7.97%2,691,67746,405

People Also Watch

642.01
CVCO
-1.31%
22.43
OSPN
+1.13%
150.37
HWKN
-1.16%
54.89
BJRI
-3.95%
29.13
PRDO
+0.59%

FAQ

What Is the Forward Air (NASDAQ: FWRD) Share Price Today?

The Forward Air stock price today is 17.16 USD.

What Stock Exchange Does Forward Air (FWRD) Trade On?

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

What Is the Ticker (Stock Symbol) for Forward Air?

The stock symbol (also called a 'ticker') for Forward Air is "FWRD."

What Is the Current Forward Air Market Capitalisation?

As of today, Forward Air (NASDAQ: FWRD) market cap is 577.84M USD.

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

The Forward Air EPS is currently -7.95 (Trailing Twelve Months).

When Is the Next Forward Air Earnings Date?

Forward Air's next earnings report will be released on 10/02/2027.

Is FWRD a Buy or Sell From a Technical Analyst Perspective?

Based on today's Forward Air moving averages and other technical indicators, the daily buy/sell signal for FWRD stock is Neutral.

How Many Times Has Forward Air Stock Split?

Forward Air has split 3 times. (See the FWRD stock split history page for full effective split date and price information.)

How Many Employees Does Forward Air Have?

Forward Air has 6209 employees, based on their latest Companies House report.

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

As of 12/11/2026, Forward Air (FWRD) is trading at a share price of 17.16 USD, with a previous close of 17.24 USD. The stock has fluctuated within a day range of 17.05 USD to 17.51 USD, while its 52-week range spans from 7.86 USD to 31.18 USD.

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

The average 12-month price target for Forward Air is 26.00 USD, with a high estimate of 27 USD and a low estimate of 25 USD. 2 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Buy. The stock has an +51.52% Upside potential.

What Is the FWRD Premarket Price?

FWRD's last pre-market stock price is 17.18 USD. The pre-market share volume is 10.00, and the stock has decreased by -0.06, or -0.35%.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2026 - Fusion Media Limited. All Rights Reserved.