FWRD Earnings Prediction
The chart below shows how FWRD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FWRD sees a +2.36% change in stock price 10 days leading up to the earnings, and a -9.47% change 10 days following the report. On the earnings day itself, the stock moves by +1.01%. This data can give you a slight idea of what to expect for the next quarter's release.
FWRD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
655.94M
58.65%
1.91%
Gross Margin
37.18%
-13.94%
8.14%
Operating Margin
5.63%
50.13%
421.30%
Net Margin
-5.21%
-331.56%
-96.53%
EPS
-2.62
-827.78%
-88.75%
No Data Available
FWRD Earnings Analysis
Forward Air Corp Corporation (FWRD.O) Earnings Conference Call
Positive
Third Quarter Revenue Surge: Revenue for the third quarter was $656 million, representing a 92% increase or $315 million compared to the third quarter of the prior year.
Revenue Increase Analysis: Consolidated revenue increased by $12 million or 2% from $644 million last quarter to $656 million this quarter.
Expedited Segment Revenue Increase: Revenue from the Expedited segment increased by $6 million or 2% to $285 million from the previous year's comparable quarter of $279 million.
Intermodal Revenue Decline: Revenue from the Intermodal segment decreased by $5 million or 8% to $57 million from the previous year's comparable quarter of $62 million, indicating a strong performance in other segments.
Operating Activities Cash Flow: Cash provided by operating activities for the third quarter increased by $98 million from the previous quarter's $45 million loss to a positive $53 million this quarter.
Negative
Expedited Freight Performance Issues: The expedited freight segment results fell short of expectations, primarily due to a pricing strategy that focused more on volume than profitability.
Revenue Per Hundredweight Decline: A year-over-year decrease in revenue per hundredweight, excluding fuel surcharge, was primarily attributable to the customer mix and associated pricing and profitability thereof.
Expedited Segment Revenue Decline: The expedited segment's decrease was primarily driven by 3.8% less revenue per hundredweight, including fuel surcharge, and a 2.3% decrease in shipments per day compared to a year ago.
Intermodal Revenue Decline: Revenue from the intermodal segment decreased by $5 million or 8% to $57 million from the previous year's comparable quarter of $62 million, primarily driven by 8.7% less shipments compared to a year ago.
EBITDA Decline Analysis: The decrease in consolidated EBITDA in the third quarter is primarily driven by the expedited segment, which we have subsequently addressed.
FWRD FAQs
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FWRD Earning Call Sentiment
Forward Air Corporation (FWRD) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FWRD.O
3.43%Positive
The earnings call presents a mixed picture: strong revenue growth driven by acquisitions, but challenges in market demand, pricing strategy, and leadership transitions. The Q&A reveals uncertainties in the yield progression and customer trading behavior. While financial metrics show improvement, the cautious management responses and broader market challenges temper optimism. The shareholder return plan is on track, but the absence of a clear guidance adjustment and potential risks from supply chain disruptions and economic uncertainties suggest a neutral stock price movement over the next two weeks.
