Forward Air (NASDAQ:FWRD) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Forward Air beat estimated earnings by 16.57%, reporting an EPS of $2.04 versus an estimate of $1.75.
Revenue was up $94.55 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.36 which was followed by a 8.7% increase in the share price the next day.
Here’s a look at Forward Air’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.21 | 1.31 | 1.07 | 0.96 |
| EPS Actual | 1.57 | 1.40 | 1.14 | 1.11 |
| Revenue Estimate | 445.63M | 443.31M | 424.42M | 389.56M |
| Revenue Actual | 466.96M | 459.93M | 419.62M | 420.67M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Forward Air management provided guidance for Q2 2022, expecting earnings between $1.98 and $2.1 per share.
To track all earnings releases for Forward Air visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
