Forward Air Corp (NASDAQ: FWRD) has reported a loss for its third fiscal quarter (ending September 30) of $-2.62 versus $0.25 for the same period a year ago — a decline of -1148%. For the latest four quarters through September 30, E.P.S. were $-28.56 versus $3.81 for the same period a year ago — a decline of -850%.
Recent Price Action
Forward Air Corp (NASDAQ: FWRD) stock closed at $33.73 on 11/4/24 after a modest decline of -1.5%. Moreover, this decline was accompanied by above average trading volume at 131% of normal. The stock has declined -8.6% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
FWRD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Forward Air has a current Value Trend Rating of B (Positive). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Forward Air has a slightly positive Appreciation Score of 63 and a slightly positive Power Rating of 65, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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