Forward Air (FWRD) Stock Forecast, Price Target & Predictions
FWRD Stock Forecast
Forward Air stock forecast is as follows: an average price target of $74.17 (represents a 119.89% upside from FWRD’s last price of $33.73) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
FWRD Price Target
FWRD Analyst Ratings
Forward Air Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Oct 21, 2024 | Bruce Chan | Stifel Nicolaus | $36.00 | $39.66 | -9.23% | 6.73% |
Oct 18, 2024 | Stephanie Moore | Jefferies | $47.00 | $40.16 | 17.03% | 39.34% |
Oct 01, 2024 | Garrett Holland | Robert W. Baird | $32.00 | $34.92 | -8.36% | -5.13% |
Jul 03, 2024 | Garrett Holland | Robert W. Baird | $17.00 | $19.34 | -12.10% | -49.60% |
May 21, 2024 | Bruce Chan | Stifel Nicolaus | $23.00 | $12.56 | 83.12% | -31.81% |
Apr 11, 2024 | Scott Group | Wolfe Research | $25.00 | $28.55 | -12.43% | -25.88% |
Jul 29, 2022 | Patrick Tyler Brown | Raymond James | $140.00 | $104.93 | 33.42% | 315.06% |
Jul 15, 2022 | Patrick Tyler Brown | Raymond James | $135.00 | $89.69 | 50.52% | 300.24% |
Apr 29, 2022 | - | Stifel Nicolaus | $136.00 | $98.00 | 38.78% | 303.20% |
Jan 04, 2022 | Jack Atkins | Stephens | $165.00 | $124.61 | 32.41% | 389.18% |
Forward Air Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 2 | 3 | 6 |
Avg Price Target | $41.50 | $38.33 | $30.00 |
Last Closing Price | $33.73 | $33.73 | $33.73 |
Upside/Downside | 23.04% | 13.64% | -11.06% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Oct 18, 2024 | Jefferies | Buy | Buy | Hold |
May 28, 2024 | Wolfe Research | Positive | Peer Perform | Upgrade |
May 28, 2024 | Wolfe Research | Underperform | Positive | Upgrade |
Jan 10, 2024 | Wolfe Research | - | Underperform | Downgrade |
Aug 29, 2023 | Jefferies | - | Buy | Upgrade |
Aug 11, 2023 | Raymond James | Strong Buy | Market Perform | Downgrade |
Jul 19, 2023 | Morgan Stanley | - | Outperform | Upgrade |
Jul 20, 2022 | Benchmark | - | Hold | Initialise |
Jul 15, 2022 | Raymond James | Strong Buy | Strong Buy | Hold |
Forward Air Financial Forecast
Forward Air Revenue Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | $338.35M | $413.37M | - | $427.07M | $481.20M | $510.02M | $515.22M | $466.96M | $459.93M | $419.63M | $420.67M | $362.20M | $350.34M | $332.00M | $281.68M | $342.51M | $381.50M | $361.66M | $345.76M | $321.47M | $302.61M | $246.98M |
Avg Forecast | $710.40M | $701.85M | $692.10M | $664.30M | $667.72M | $655.70M | $642.92M | $514.95M | $406.96M | $420.04M | $452.65M | $459.92M | $505.70M | $504.25M | $506.85M | $455.15M | $443.31M | $425.95M | $391.50M | $341.94M | $344.12M | $323.00M | $268.48M | $344.24M | $386.10M | $354.77M | $348.42M | $324.74M | $287.47M | $222.98M |
High Forecast | $710.40M | $701.85M | $692.10M | $664.30M | $667.72M | $661.23M | $642.92M | $514.95M | $413.01M | $420.04M | $452.65M | $459.92M | $505.70M | $504.25M | $506.85M | $455.15M | $443.31M | $425.95M | $391.50M | $341.94M | $344.12M | $323.00M | $268.48M | $344.24M | $386.10M | $354.77M | $348.42M | $324.74M | $344.96M | $267.57M |
Low Forecast | $710.40M | $701.85M | $692.10M | $664.30M | $667.72M | $649.23M | $642.92M | $514.95M | $403.02M | $420.04M | $452.65M | $459.92M | $505.70M | $504.25M | $506.85M | $455.15M | $443.31M | $425.95M | $391.50M | $341.94M | $344.12M | $323.00M | $268.48M | $344.24M | $386.10M | $354.77M | $348.42M | $324.74M | $229.98M | $178.38M |
# Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 12 | 16 |
Surprise % | - | - | - | - | - | - | - | - | 0.83% | 0.98% | - | 0.93% | 0.95% | 1.01% | 1.02% | 1.03% | 1.04% | 0.99% | 1.07% | 1.06% | 1.02% | 1.03% | 1.05% | 0.99% | 0.99% | 1.02% | 0.99% | 0.99% | 1.05% | 1.11% |
Forward Air EBITDA Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 12 | 16 |
EBITDA | - | - | - | - | - | - | - | - | $-27.37M | $25.69M | - | $64.14M | $73.81M | $83.93M | $87.14M | $68.48M | $65.73M | $44.92M | $51.54M | $26.43M | $10.35M | $32.34M | $15.96M | $22.33M | $42.92M | $41.22M | $41.23M | $35.56M | $34.92M | $33.20M |
Avg Forecast | $83.29M | $82.29M | $81.14M | $77.88M | $78.29M | $76.88M | $75.38M | $72.78M | $47.71M | $49.25M | $53.07M | $66.17M | $65.52M | $59.12M | $59.42M | $52.30M | $51.98M | $49.94M | $45.90M | $34.31M | $40.35M | $37.87M | $31.48M | $28.32M | $45.27M | $41.59M | $40.85M | $34.41M | $33.09M | $27.39M |
High Forecast | $83.29M | $82.29M | $81.14M | $77.88M | $78.29M | $77.52M | $75.38M | $87.34M | $48.42M | $49.25M | $53.07M | $79.40M | $78.63M | $59.12M | $59.42M | $62.77M | $51.98M | $49.94M | $45.90M | $41.17M | $40.35M | $37.87M | $31.48M | $33.99M | $45.27M | $41.59M | $40.85M | $41.30M | $39.70M | $32.86M |
Low Forecast | $83.29M | $82.29M | $81.14M | $77.88M | $78.29M | $76.12M | $75.38M | $58.23M | $47.25M | $49.25M | $53.07M | $52.93M | $52.42M | $59.12M | $59.42M | $41.84M | $51.98M | $49.94M | $45.90M | $27.45M | $40.35M | $37.87M | $31.48M | $22.66M | $45.27M | $41.59M | $40.85M | $27.53M | $26.47M | $21.91M |
Surprise % | - | - | - | - | - | - | - | - | -0.57% | 0.52% | - | 0.97% | 1.13% | 1.42% | 1.47% | 1.31% | 1.26% | 0.90% | 1.12% | 0.77% | 0.26% | 0.85% | 0.51% | 0.79% | 0.95% | 0.99% | 1.01% | 1.03% | 1.06% | 1.21% |
Forward Air Net Income Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 12 | 16 |
Net Income | - | - | - | - | - | - | - | - | $-14.72M | $9.29M | - | $36.37M | $42.94M | $52.13M | $55.43M | $42.69M | $38.20M | $23.54M | $30.68M | $11.18M | $-4.44M | $16.65M | $3.15M | $8.38M | $24.17M | $22.20M | $22.33M | $18.41M | $17.74M | $14.24M |
Avg Forecast | $8.69M | $5.58M | $1.48M | $-4.11M | $-2.05M | $-4.56M | $-4.91M | $45.37M | $26.28M | $29.95M | $34.08M | $41.24M | $40.34M | $51.01M | $48.48M | $32.60M | $35.04M | $28.77M | $26.09M | $14.52M | $19.39M | $11.53M | $2.23M | $10.62M | $24.84M | $20.87M | $21.02M | $17.81M | $16.81M | $11.75M |
High Forecast | $8.69M | $5.58M | $1.48M | $-4.11M | $-2.05M | $15.49M | $-4.91M | $54.44M | $27.10M | $29.96M | $35.14M | $49.49M | $48.41M | $51.01M | $48.48M | $39.12M | $35.04M | $28.77M | $26.60M | $17.42M | $19.39M | $11.53M | $2.23M | $12.75M | $24.84M | $20.87M | $21.02M | $21.38M | $20.17M | $14.10M |
Low Forecast | $8.69M | $5.58M | $1.48M | $-4.11M | $-2.05M | $-20.96M | $-4.91M | $36.29M | $25.20M | $29.95M | $33.02M | $32.99M | $32.27M | $51.01M | $48.48M | $26.08M | $35.04M | $28.77M | $25.58M | $11.61M | $19.39M | $11.53M | $2.23M | $8.50M | $24.84M | $20.87M | $21.02M | $14.25M | $13.45M | $9.40M |
Surprise % | - | - | - | - | - | - | - | - | -0.56% | 0.31% | - | 0.88% | 1.06% | 1.02% | 1.14% | 1.31% | 1.09% | 0.82% | 1.18% | 0.77% | -0.23% | 1.44% | 1.41% | 0.79% | 0.97% | 1.06% | 1.06% | 1.03% | 1.06% | 1.21% |
Forward Air SG&A Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 12 | 16 |
SG&A | - | - | - | - | - | - | - | - | - | $13.63M | - | $13.78M | $12.50M | $12.09M | $13.20M | $11.97M | $11.57M | $9.98M | $10.89M | $9.74M | $8.47M | $8.67M | $7.72M | $11.77M | $11.91M | $10.93M | $13.23M | $9.37M | $7.15M | $5.81M |
Avg Forecast | $16.20M | $16.01M | $15.78M | $15.15M | $15.23M | $14.95M | $14.66M | $12.72M | $9.28M | $9.58M | $10.32M | $11.56M | $11.53M | $11.50M | $11.56M | $9.14M | $10.11M | $9.71M | $8.93M | $12.65M | $7.85M | $7.37M | $6.12M | $14.93M | $8.80M | $8.09M | $7.95M | $9.07M | $6.78M | $4.79M |
High Forecast | $16.20M | $16.01M | $15.78M | $15.15M | $15.23M | $15.08M | $14.66M | $15.26M | $9.42M | $9.58M | $10.32M | $13.88M | $13.84M | $11.50M | $11.56M | $10.97M | $10.11M | $9.71M | $8.93M | $15.18M | $7.85M | $7.37M | $6.12M | $17.91M | $8.80M | $8.09M | $7.95M | $10.88M | $8.13M | $5.75M |
Low Forecast | $16.20M | $16.01M | $15.78M | $15.15M | $15.23M | $14.81M | $14.66M | $10.18M | $9.19M | $9.58M | $10.32M | $9.25M | $9.23M | $11.50M | $11.56M | $7.31M | $10.11M | $9.71M | $8.93M | $10.12M | $7.85M | $7.37M | $6.12M | $11.94M | $8.80M | $8.09M | $7.95M | $7.25M | $5.42M | $3.83M |
Surprise % | - | - | - | - | - | - | - | - | - | 1.42% | - | 1.19% | 1.08% | 1.05% | 1.14% | 1.31% | 1.14% | 1.03% | 1.22% | 0.77% | 1.08% | 1.18% | 1.26% | 0.79% | 1.35% | 1.35% | 1.66% | 1.03% | 1.06% | 1.21% |
Forward Air EPS Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 12 | 16 |
EPS | - | - | - | - | - | - | - | - | $3.94 | $0.36 | - | $1.37 | $1.61 | $1.94 | $2.05 | $1.57 | $1.41 | $0.86 | $1.12 | $0.40 | $-0.17 | $0.60 | $0.11 | $0.30 | $0.86 | $0.78 | $0.78 | $0.64 | $0.60 | $0.47 |
Avg Forecast | $0.32 | $0.21 | $0.06 | $-0.15 | $-0.08 | $-0.17 | $-0.18 | $0.02 | $0.98 | $1.12 | $1.27 | $1.30 | $1.94 | $1.90 | $1.81 | $1.33 | $1.31 | $1.07 | $0.97 | $0.57 | $0.72 | $0.43 | $0.08 | $0.41 | $0.93 | $0.78 | $0.78 | $0.62 | $0.54 | $0.33 |
High Forecast | $0.32 | $0.21 | $0.06 | $-0.15 | $-0.08 | $0.58 | $-0.18 | $0.02 | $1.01 | $1.12 | $1.31 | $1.36 | $1.95 | $1.90 | $1.81 | $1.38 | $1.31 | $1.07 | $0.99 | $0.57 | $0.72 | $0.43 | $0.08 | $0.41 | $0.93 | $0.78 | $0.78 | $0.62 | $0.65 | $0.40 |
Low Forecast | $0.32 | $0.21 | $0.06 | $-0.15 | $-0.08 | $-0.78 | $-0.18 | $0.02 | $0.94 | $1.12 | $1.23 | $1.23 | $1.93 | $1.90 | $1.81 | $1.28 | $1.31 | $1.07 | $0.95 | $0.57 | $0.72 | $0.43 | $0.08 | $0.41 | $0.93 | $0.78 | $0.78 | $0.62 | $0.43 | $0.26 |
Surprise % | - | - | - | - | - | - | - | - | 4.02% | 0.32% | - | 1.05% | 0.83% | 1.02% | 1.13% | 1.18% | 1.08% | 0.80% | 1.15% | 0.70% | -0.24% | 1.40% | 1.32% | 0.74% | 0.93% | 1.00% | 0.99% | 1.04% | 1.11% | 1.42% |
Forward Air Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
FWRD | Forward Air | $33.73 | $74.17 | 119.89% | Buy |
HUBG | Hub Group | $44.05 | $86.62 | 96.64% | Hold |
EXPD | Expeditors of Washington | $120.39 | $155.57 | 29.22% | Hold |
JBHT | J.B. Hunt Transport Services | $181.99 | $192.60 | 5.83% | Buy |
CHRW | C.H. Robinson Worldwide | $102.65 | $104.90 | 2.19% | Hold |
LSTR | Landstar System | $177.40 | $168.00 | -5.30% | Hold |
FWRD Forecast FAQ
Is Forward Air a good buy?
Yes, according to 4 Wall Street analysts, Forward Air (FWRD) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 50.00% of FWRD's total ratings.
What is FWRD's price target?
Forward Air (FWRD) average price target is $74.17 with a range of $25 to $165, implying a 119.89% from its last price of $33.73. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Forward Air stock go up soon?
According to Wall Street analysts' prediction for FWRD stock, the company can go up by 119.89% (from the last price of $33.73 to the average price target of $74.17), up by 389.18% based on the highest stock price target, and down by -25.88% based on the lowest stock price target.
Can Forward Air stock reach $50?
FWRD's average twelve months analyst stock price target of $74.17 supports the claim that Forward Air can reach $50 in the near future.
What is Forward Air's current price target trend?
2 Wall Street analysts forecast a $41.5 price target for Forward Air (FWRD) this month, up 23.04% from its last price of $33.73. Compared to the last 3 and 12 months, the average price target increased by 13.64% and decreased by -11.06%, respectively.
What are Forward Air's analysts' financial forecasts?
Forward Air's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $2.48B (high $2.49B, low $2.47B), average EBITDA is $303.32M (high $318.52M, low $288.01M), average net income is $33.84M (high $62.96M, low $8.36M), average SG&A $57.56M (high $60.23M, low $54.87M), and average EPS is $-0.414 (high $0.334, low $-1.026). FWRD's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.77B (high $2.77B, low $2.77B), average EBITDA is $324.6M (high $324.6M, low $324.6M), average net income is $11.63M (high $11.63M, low $11.63M), average SG&A $63.14M (high $63.14M, low $63.14M), and average EPS is $0.434 (high $0.434, low $0.434).
Did the FWRD's actual financial results beat the analysts' financial forecasts?
Based on Forward Air's last annual report (Dec 2023), the company's revenue was $1.37B, which missed the average analysts forecast of $1.74B by -21.20%. Apple's EBITDA was $145.62M, missing the average prediction of $216.19M by -32.65%. The company's net income was $167.35M, beating the average estimation of $131.56M by 27.21%. Apple's SG&A was $0, missing the average forecast of $40.75M by -100.00%. Lastly, the company's EPS was $6.42, beating the average prediction of $4.67 by 37.51%. In terms of the last quarterly report (Dec 2023), Forward Air's revenue was $338.35M, missing the average analysts' forecast of $406.96M by -16.86%. The company's EBITDA was $-27.373M, missing the average prediction of $47.71M by -157.37%. Forward Air's net income was $-14.721M, missing the average estimation of $26.28M by -156.01%. The company's SG&A was $0, missing the average forecast of $9.28M by -100.00%. Lastly, the company's EPS was $3.94, beating the average prediction of $0.981 by 301.81%