Strength Seen in Forward Air (FWRD): Can Its 6.2% Jump Turn into More Strength?

Company Overview - Forward Air (FWRD) shares increased by 6.2% to $40.16, with a higher-than-average trading volume, compared to a 3.8% gain over the past four weeks [1] - The rise in share price is attributed to reports that Forward Air has engaged two prominent investment bankers to explore the sale of the company, following pressure from shareholders like Alta Fox [1] Financial Performance - Forward Air is expected to report a quarterly loss of$ 0.05 per share, reflecting a year-over-year decline of 105.1%, while revenues are projected to be $656.07 million, an increase of 58.7% from the previous year [2] - The consensus EPS estimate for Forward Air has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [2] Industry Context - Forward Air operates within the Zacks Transportation - Truck industry, where another company, Werner Enterprises (WERN), saw a 1.5% decline in its stock price, closing at$ 37.44, with a return of 1.3% over the past month [2] - Werner's consensus EPS estimate has decreased by 11.3% over the past month to $0.22, representing a year-over-year change of -47.6% [3]