Forward Air (FWRD) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - Forward Air (FWRD) reported revenue of $618.84 million for the quarter ended June 2025, a decrease of 3.9% year-over-year, and an EPS of -$0.41 compared to -$23.29 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $637.67 million, resulting in a surprise of -2.95%, while the EPS surprise was -141.18% against a consensus estimate of -$0.17 [1] Financial Performance Metrics - Operating Revenues from Expedited Freight were $257.7 million, below the two-analyst average estimate of $271.5 million, reflecting a year-over-year decline of 11.5% [4] - Operating Revenues from Eliminations and other operations reported at -$26.17 million, compared to the average estimate of -$20 million [4] - Operating Revenues from Omni Logistics were $328.32 million, slightly below the average estimate of $331.6 million, but showed a year-over-year increase of 5.3% [4] - Operating Revenues from Intermodal were $59.15 million, also below the average estimate of $64.3 million, with a year-over-year change of -0.3% [4] Stock Performance - Forward Air's shares have returned +10.5% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]