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Forward Air (FWRD) Soars 9.5%: Is Further Upside Left in the Stock?
ZACKSยท 2025-07-24 09:05
Company Overview - Forward Air (FWRD) shares increased by 9.5% to $30.45 in the last trading session, with a notable trading volume, and have gained 24.3% over the past four weeks [1] - The company is a contractor for the air cargo industry and is expected to report a quarterly loss of $0.17 per share, reflecting a year-over-year change of +99.3%, with revenues projected at $637.67 million, down 0.9% from the previous year [2] Earnings Estimates - 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 [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting positive sentiment among analysts [4] Industry Context - Forward Air operates within the Zacks Transportation - Truck industry, where another company, ArcBest (ARCB), saw a 1.7% increase in its stock price, closing at $83.29, with a 10.4% return over the past month [4] - ArcBest's consensus EPS estimate has decreased by 5.7% over the past month to $1.46, representing a year-over-year change of -26.3%, and it currently holds a Zacks Rank of 3 (Hold) [5]