Forward Air (FWRD) Reports Q2 Loss, Misses Revenue Estimates

Financial Performance - Forward Air reported a quarterly loss of $0.41 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.17, and a significant decline from a loss of $23.29 per share a year ago [1] - The company posted revenues of $618.84 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 2.95% and down from $643.67 million year-over-year [2] - Over the last four quarters, Forward Air has surpassed consensus EPS estimates only once [2] Market Performance - Forward Air shares have declined approximately 6.2% since the beginning of the year, contrasting with the S&P 500's gain of 8.6% [3] - The current Zacks Rank for Forward Air is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.10 on revenues of $669.37 million, and for the current fiscal year, it is -$1.37 on revenues of $2.59 billion [7] - The trend of estimate revisions for Forward Air was mixed ahead of the earnings release, which could change following the recent report [6] Industry Context - The Transportation - Truck industry, to which Forward Air belongs, is currently ranked in the bottom 11% of over 250 Zacks industries, indicating potential challenges ahead [8]