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Forward Air: Q2 Earnings Insights

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 estim...

Benzinga · 07/27/2022 17:45

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.