Forward Air (FWRD) Stock Forecast, Price Target & Predictions
FWRD Stock Forecast
Forward Air stock forecast is as follows: an average price target of $37.67 (represents a 12.89% upside from FWRD’s last price of $33.37) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
FWRD Price Target
The average price target for Forward Air (FWRD) is $37.67 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $45.00 to $32.00. This represents a potential 12.89% upside from FWRD's last price of $33.37.
FWRD Analyst Ratings
According to 4 Wall Street analysts, Forward Air's rating consensus is 'Buy'. The analyst rating breakdown for FWRD stock is 0 'Strong Buy' (0.00%), 2 'Buy' (50.00%), 2 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Forward Air Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 05, 2024 | Stephanie Moore | Jefferies | $45.00 | $36.50 | 23.29% | 34.85% |
| Oct 21, 2024 | Bruce Chan | Stifel Nicolaus | $36.00 | $39.66 | -9.23% | 7.88% |
| Oct 18, 2024 | Stephanie Moore | Jefferies | $47.00 | $40.16 | 17.03% | 40.85% |
| Oct 01, 2024 | Garrett Holland | Robert W. Baird | $32.00 | $34.92 | -8.36% | -4.11% |
| Jul 03, 2024 | Garrett Holland | Robert W. Baird | $17.00 | $19.34 | -12.10% | -49.06% |
| May 21, 2024 | Bruce Chan | Stifel Nicolaus | $23.00 | $12.56 | 83.12% | -31.08% |
| Apr 11, 2024 | Scott Group | Wolfe Research | $25.00 | $28.55 | -12.43% | -25.08% |
| Jul 29, 2022 | Patrick Tyler Brown | Raymond James | $140.00 | $104.93 | 33.42% | 319.54% |
| Jul 15, 2022 | Patrick Tyler Brown | Raymond James | $135.00 | $89.69 | 50.52% | 304.55% |
| Apr 29, 2022 | Stifel Nicolaus | $136.00 | $98.00 | 38.78% | 307.55% | |
| Jan 04, 2022 | Jack Atkins | Stephens | $165.00 | $124.61 | 32.41% | 394.46% |
The latest Forward Air stock forecast, released on Nov 05, 2024 by Stephanie Moore from Jefferies, set a price target of $45.00, which represents a 23.29% increase from the stock price at the time of the forecast ($36.50), and a 34.85% increase from FWRD last price ($33.37).
Forward Air Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 7 |
| Avg Price Target | - | $45.00 | $32.14 |
| Last Closing Price | $33.37 | $33.37 | $33.37 |
| Upside/Downside | -100.00% | 34.85% | -3.69% |
In the current month, the average price target of Forward Air stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Forward Air's last price of $33.37. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
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's last stock rating was published by Jefferies on Oct 18, 2024. The company gave FWRD a "Buy" rating, the same as its previous rate.
Forward Air Financial Forecast
Forward Air Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Avg Forecast | $754.20M | $740.90M | $708.10M | $678.50M | $711.77M | $700.85M | $677.62M | $651.33M | $667.39M | $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 |
| High Forecast | $785.64M | $771.79M | $737.62M | $706.78M | $741.44M | $730.06M | $705.87M | $677.96M | $670.71M | $655.70M | $669.73M | $536.42M | $413.01M | $437.55M | $471.52M | $479.10M | $518.36M | $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 |
| Low Forecast | $736.58M | $723.59M | $691.56M | $662.65M | $695.14M | $684.47M | $661.79M | $635.62M | $665.12M | $655.70M | $627.91M | $502.92M | $403.02M | $410.23M | $442.08M | $449.18M | $495.17M | $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 |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| 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% |
Forward Air's average Quarter revenue forecast for Mar 24 based on 4 analysts is $514.95M, with a low forecast of $502.92M, and a high forecast of $536.42M. FWRD's average Quarter revenue forecast represents a 52.20% increase compared to the company's last Quarter revenue of $338.35M (Dec 23).
Forward Air EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| 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 |
| Avg Forecast | $85.35M | $83.85M | $80.14M | $76.79M | $80.55M | $79.31M | $76.69M | $73.71M | $75.53M | $74.21M | $72.76M | $72.78M | $46.06M | $47.54M | $51.23M | $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 |
| High Forecast | $88.91M | $87.34M | $83.48M | $79.99M | $83.91M | $82.62M | $79.88M | $76.72M | $75.90M | $74.21M | $75.79M | $87.34M | $46.74M | $49.52M | $53.36M | $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 |
| Low Forecast | $83.36M | $81.89M | $78.26M | $74.99M | $78.67M | $77.46M | $74.90M | $71.93M | $75.27M | $74.21M | $71.06M | $58.23M | $45.61M | $46.43M | $50.03M | $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 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.59% | 0.54% | - | 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% |
5 analysts predict FWRD's average Quarter EBITDA for Dec 23 to be $46.06M, with a high of $46.74M and a low of $45.61M. This is 79.28% upper than Forward Air's previous annual EBITDA (Sep 23) of $25.69M.
Forward Air Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| 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 |
| Avg Forecast | $9.22M | $10.90M | $9.78M | $4.47M | $7.24M | $5.25M | $2.74M | $-3.91M | $-4.97M | $-4.75M | $-5.12M | $45.37M | $27.40M | $31.22M | $35.53M | $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 |
| High Forecast | $9.72M | $11.49M | $10.31M | $4.71M | $7.63M | $5.53M | $2.89M | $66.50M | $947.33K | $-4.61M | $-4.97M | $54.44M | $28.25M | $31.23M | $36.63M | $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 |
| Low Forecast | $8.94M | $10.57M | $9.48M | $4.33M | $7.02M | $5.09M | $2.66M | $-66.50M | $-15.87M | $-5.01M | $-5.40M | $36.29M | $26.27M | $31.22M | $34.42M | $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 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.54% | 0.30% | - | 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% |
Forward Air's average Quarter net income forecast for Dec 23 is $27.40M, with a range of $26.27M to $28.25M. FWRD's average Quarter net income forecast represents a 194.98% increase compared to the company's last Quarter net income of $9.29M (Sep 23).
Forward Air SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| 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 |
| Avg Forecast | $22.16M | $21.76M | $20.80M | $19.93M | $20.91M | $20.59M | $19.91M | $19.13M | $19.61M | $19.26M | $18.89M | $12.72M | $11.96M | $12.34M | $13.30M | $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 |
| High Forecast | $23.08M | $22.67M | $21.67M | $20.76M | $21.78M | $21.45M | $20.74M | $19.92M | $19.70M | $19.26M | $19.67M | $15.26M | $12.13M | $12.85M | $13.85M | $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 |
| Low Forecast | $21.64M | $21.26M | $20.32M | $19.47M | $20.42M | $20.11M | $19.44M | $18.67M | $19.54M | $19.26M | $18.45M | $10.18M | $11.84M | $12.05M | $12.99M | $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 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.10% | - | 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% |
Forward Air's average Quarter SG&A projection for Dec 23 is $11.96M, based on 5 Wall Street analysts, with a range of $11.84M to $12.13M. The forecast indicates a -12.26% fall compared to FWRD last annual SG&A of $13.63M (Sep 23).
Forward Air EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| 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 |
| Avg Forecast | $0.33 | $0.39 | $0.35 | $0.16 | $0.26 | $0.19 | $0.10 | $-0.14 | $-0.18 | $-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 |
| High Forecast | $0.35 | $0.41 | $0.37 | $0.17 | $0.27 | $0.20 | $0.10 | $2.38 | $0.03 | $-0.16 | $-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 |
| Low Forecast | $0.32 | $0.38 | $0.34 | $0.16 | $0.25 | $0.18 | $0.10 | $-2.38 | $-0.57 | $-0.18 | $-0.19 | $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 |
| 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% |
According to 4 Wall Street analysts, Forward Air's projected average Quarter EPS for Mar 24 is $0.02, with a low estimate of $0.02 and a high estimate of $0.02. This represents a -99.60% decrease compared to FWRD previous annual EPS of $3.94 (Dec 23).
Forward Air Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| EXPD | Expeditors of Washington | $114.30 | $195.67 | 71.19% | Hold |
| FWRD | Forward Air | $33.37 | $37.67 | 12.89% | Buy |
| CHRW | C.H. Robinson Worldwide | $107.93 | $118.29 | 9.60% | Buy |
| JBHT | J.B. Hunt Transport Services | $171.93 | $183.00 | 6.44% | Buy |
| LSTR | Landstar System | $172.92 | $168.60 | -2.50% | Hold |
| HUBG | Hub Group | $45.01 | $42.50 | -5.58% | Hold |