Why Forward Air Stock Was Grounded Today [Yahoo! Finance]
Forward Air Corporation (FWRD)
Last forward air corporation earnings: 4/30 04:27 pm
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US:NASDAQ Investor Relations:
forwardair.gcs-web.com/investor-overview
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Source: Yahoo! Finance
Investors are taking the exit ramp, sending Forward shares down as much as 40% for the day and down 25% as of 2:15 p.m. ET. Tough conditions, even worse quarter Forward is an asset-light provider of transportation services. In January, the company completed a deal for Omni Logistics over the objections of an activist investor who feared Forward was overpaying. The latest results do not paint a good picture. Forward lost $0.64 per share in the quarter on $541.8 million, well below the $0.11-per-share loss on revenue of $604 million that Wall Street had expected. Transportation companies by and large have had a disappointing earnings season due to soft demand trends and economic uncertainty from major customers. But Forward said that Omni's results were more adversely impacted as a result of that company's exposure to the international freight market. Is Forward Air a buy after its post-earnings stock slide? Forward is under new leadership. CEO Shawn Stewart was named to the
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FWRD
News
- Forward Air shareholders file class action complaint over Omni merger [Yahoo! Finance]Yahoo! Finance
- Forward Air Files Definitive Proxy Statement and Reiterates Commitment to Board Refreshment [Yahoo! Finance]Yahoo! Finance
- Forward Air Files Definitive Proxy Statement and Reiterates Commitment to Board RefreshmentBusiness Wire
- Forward Air Corporation (NASDAQ:FWRD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Forward Air Co. (NASDAQ: FWRD) had its price target lowered by analysts at Robert W. Baird from $24.00 to $14.00. They now have a "neutral" rating on the stock.MarketBeat
FWRD
Earnings
- 5/8/24 - Miss
FWRD
Sec Filings
- 5/20/24 - Form ARS
- 5/20/24 - Form DEFA14A
- 5/20/24 - Form DEF
- FWRD's page on the SEC website