FORWARD AIR CORP (FWRD) Forecast, Price Target & Analyst Ratings

NASDAQ:FWRD • US34986A1043

Current stock price

17.235 USD
+0 (+0.03%)
Last:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for FORWARD AIR CORP (FWRD).

Forecast Snapshot

Consensus Price Target

Price Target
$36.04
+ 109.11% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
N/A
Period
Q1 / 2026
EPS Estimate
-$0.38
Revenue Estimate
634.71M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
80.00%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$36.04
Upside
+ 109.11%
From current price of $17.24 to mean target of $36.04, Based on 12 analyst forecasts
Low
$31.31
Median
$33.66
High
$44.10

Price Target Revisions

1 Month
-0.93%
3 Months
3.92%

Price Target Summary

12 Wall Street analysts provided a forecast for the next 12 months for FWRD. The average price target is 36.04 USD. This implies a price increase of 109.11% is expected in the next year compared to the current price of 17.235.
The average price target has been revised upward by 3.92% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

FWRD Current Analyst RatingFWRD Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 0 0 0 0 0

Analyst Ratings History

FWRD Historical Analyst RatingsFWRD Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6 8 10

Analyst Ratings Consensus

ChartMill Buy Consensus
80.00%
FWRD was analyzed by 12 analysts. The buy percentage consensus is at 80. So analysts seem to be have mildly positive about FWRD.
In the previous month the buy percentage consensus was at a similar level.
FWRD was analyzed by 12 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-01-21StifelMaintains Buy -> Buy
2026-01-05SusquehannaMaintains Positive -> Positive
2025-10-17StifelMaintains Buy -> Buy
2025-08-12SusquehannaMaintains Positive -> Positive
2025-07-24StifelMaintains Buy -> Buy
2025-06-26StifelUpgrade Hold -> Buy
2025-04-10StifelMaintains Hold -> Hold
2025-03-31SusquehannaMaintains Positive -> Positive
2025-02-27BairdMaintains Neutral -> Neutral
2025-01-23StifelMaintains Hold -> Hold
2025-01-07BenchmarkReiterate Hold -> Hold
2024-10-21StifelMaintains Hold -> Hold
2024-08-12BenchmarkReiterate Hold
2024-08-08BairdMaintains Neutral -> Neutral
2024-07-03BairdMaintains Neutral -> Neutral
2024-05-28Wolfe ResearchUpgrade Underperform -> Peer Perform
2024-05-10BairdMaintains Neutral -> Neutral
2024-04-24BenchmarkReiterate Hold
2024-04-18BenchmarkReiterate Hold
2024-04-03BenchmarkReiterate Hold
2024-03-01BairdMaintains Neutral -> Neutral
2024-01-22StifelMaintains Hold -> Hold
2024-01-10Wolfe ResearchDowngrade Peer Perform -> Underperform
2024-01-10StifelMaintains Hold -> Hold
2023-11-01SusquehannaMaintains Positive -> Positive

Next Earnings Forecast Details

Next Earnings Details

Release Date
N/A
Period
Q1 / 2026
EPS Estimate
-$0.38
Revenue Estimate
634.71M
Revenue Q2Q
3.49%
EPS Q2Q
66.12%
Number of Analysts
8

Next Earnings Revisions

Revenue (1 Month)
-1.01%
Revenue (3 Months)
-1.61%
EPS (1 Month)
-14.81%
EPS (3 Months)
-32.86%

Next Earnings Summary

The next earnings revenue estimate has been revised downward by 1.61% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2027

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027
Revenue
YoY % growth
FWRD revenue by date.FWRD revenue by date.
1.371B
-30.54%		2.474B
80.51%		2.495B
0.84%		2.659B
6.57%		2.836B
6.66%
EBITDA
YoY % growth
FWRD ebitda by date.FWRD ebitda by date.
203.105M
-35.19%		190.906M
-6.01%		220.535M
15.52%		313.14M
41.99%		361.53M
15.45%
EBIT
YoY % growth
FWRD ebit by date.FWRD ebit by date.
145.7M
-45.23%		46.928M
-67.79%		67.897M
44.68%		153.59M
126.21%		197.27M
28.44%
Operating Margin
FWRD operating margin by date.FWRD operating margin by date.
10.63%1.90%2.72%5.78%6.96%
EPS
YoY % growth
FWRD eps by date.FWRD eps by date.
4.08
-43.25%		-1.95
-147.79%		-2.26
-15.85%		-0.58
74.53%		0.29
150.83%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27
EPS
Q2Q % growth		-0.38
66.12%		-0.12
-299.75%		-0.03
92.52%		-0.05
93.22%		-0.13
65.95%		0.14
219.15%		0.22
822.23%		0.21
487.30%
Revenue
Q2Q % growth		634.71M
3.49%		658.46M
6.40%		678.14M
7.34%		686.06M
8.69%		675.3M
6.40%		701.22M
6.49%		727.34M
7.26%		737.82M
7.54%
EBITDA
Q2Q % growth		68.181M
21.65%		79.009M
-20.73%		84.323M
-36.47%		82.804M
-46.76%		80.682M
18.34%		93.058M
17.78%		96.866M
14.87%		96.39M
16.41%
EBIT
Q2Q % growth		28.068M
50.18%		39.321M
54.15%		43.809M
110.41%		41.795M
1,352.22%		37.434M
33.37%		53.091M
35.02%		55.335M
26.31%		53.397M
27.76%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

FWRD Yearly Revenue VS EstimatesFWRD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B 2B 2.5B
FWRD Yearly EPS VS EstimatesFWRD Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 -2 4 6

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
N/A
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
N/A
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
N/A
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

FORWARD AIR CORP / FWRD Forecast FAQ

What do analysts expect the price target to be for FORWARD AIR CORP (FWRD)?

12 analysts have analysed FWRD and the average price target is 36.04 USD. This implies a price increase of 109.11% is expected in the next year compared to the current price of 17.235.

Can you provide the consensus estimates for FORWARD AIR CORP next earnings?

The consensus EPS estimate for the next earnings of FORWARD AIR CORP (FWRD) is -0.38 USD and the consensus revenue estimate is 634.71M USD.