FORWARD AIR CORP (FWRD) Forecast, Price Target & Analyst Ratings
NASDAQ:FWRD • US34986A1043
17.18 USD
-1.21 (-6.58%)
Last: Mar 12, 2026, 02:53 PM
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
$36.38
+ 111.76% Upside
Next Earnings Forecast
Release DateN/A
PeriodQ1 / 2026
EPS Estimate-$0.39
Revenue Estimate634.71M
ChartMill Buy Consensus
80.00%
Weighted Analyst Rating Score
Price Target Details & History
Consensus Price Target and Range
Mean target
$36.38
Upside
+ 111.76%
From current price of $17.18 to mean target of $36.38, Based on 12 analyst forecasts
Low
$30.30
Median
$32.64
High
$47.25
Price Target Revisions
1 Month
0.00%
3 Months
4.90%
Price Target Summary
12 Wall Street analysts provided a forecast for the next 12 months for FWRD. The average price target is 36.38 USD. This implies a price increase of 111.76% is expected in the next year compared to the current price of 17.18.
The average price target has been revised upward by 4.9% in the past 3 months.
Analyst Ratings & History
Current Analyst Ratings
Analyst Ratings History
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.
Recent Upgrades & Downgrades
| Date | Firm | Action | From → To |
|---|---|---|---|
| 2026-01-21 | Stifel | Maintains | Buy -> Buy |
| 2026-01-05 | Susquehanna | Maintains | Positive -> Positive |
| 2025-10-17 | Stifel | Maintains | Buy -> Buy |
| 2025-08-12 | Susquehanna | Maintains | Positive -> Positive |
| 2025-07-24 | Stifel | Maintains | Buy -> Buy |
| 2025-06-26 | Stifel | Upgrade | Hold -> Buy |
| 2025-04-10 | Stifel | Maintains | Hold -> Hold |
| 2025-03-31 | Susquehanna | Maintains | Positive -> Positive |
| 2025-02-27 | Baird | Maintains | Neutral -> Neutral |
| 2025-01-23 | Stifel | Maintains | Hold -> Hold |
| 2025-01-07 | Benchmark | Reiterate | Hold -> Hold |
| 2024-10-21 | Stifel | Maintains | Hold -> Hold |
| 2024-08-12 | Benchmark | Reiterate | Hold |
| 2024-08-08 | Baird | Maintains | Neutral -> Neutral |
| 2024-07-03 | Baird | Maintains | Neutral -> Neutral |
| 2024-05-28 | Wolfe Research | Upgrade | Underperform -> Peer Perform |
| 2024-05-10 | Baird | Maintains | Neutral -> Neutral |
| 2024-04-24 | Benchmark | Reiterate | Hold |
| 2024-04-18 | Benchmark | Reiterate | Hold |
| 2024-04-03 | Benchmark | Reiterate | Hold |
| 2024-03-01 | Baird | Maintains | Neutral -> Neutral |
| 2024-01-22 | Stifel | Maintains | Hold -> Hold |
| 2024-01-10 | Wolfe Research | Downgrade | Peer Perform -> Underperform |
| 2024-01-10 | Stifel | Maintains | Hold -> Hold |
| 2023-11-01 | Susquehanna | Maintains | Positive -> Positive |
Next Earnings Forecast Details
Next Earnings Details
Release DateN/A
PeriodQ1 / 2026
EPS Estimate-$0.39
Revenue Estimate634.71M
Revenue Q2Q3.49%
EPS Q2Q65.24%
Number of Analysts8
Next Earnings Revisions
Revenue (1 Month)
-1.01%
Revenue (3 Months)
-1.61%
EPS (1 Month)
-28.08%
EPS (3 Months)
-36.31%
Next Earnings Summary
The next earnings revenue estimate has been revised downward by 1.61% in the past 3 months.
Full Analyst Estimates
Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates
| 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|
| Revenue YoY % growth | 1.371B -30.54% | 2.474B 80.51% | 2.495B 0.84% | 2.651B 6.25% | 2.826B 6.60% | |
| EBITDA YoY % growth | 203.105M -35.19% | 190.906M -6.01% | 189.062M -0.97% | 313.14M 65.63% | 361.53M 15.45% | |
| EBIT YoY % growth | 145.7M -45.23% | 46.928M -67.79% | 36.424M -22.38% | 160.95M 341.88% | 198.27M 23.19% | |
| Operating Margin | 10.63% | 1.90% | 1.46% | 6.07% | 7.02% | |
| EPS YoY % growth | 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 | -0.39 65.24% | -0.11 -290.40% | 0.02 104.36% | 0.04 105.16% | -0.17 55.46% | 0.36 412.50% | 0.37 1,957.14% | 0.43 950.00% |
| Revenue Q2Q % growth | 634.71M 3.49% | 657.09M 6.18% | 679.46M 7.55% | 684.48M 8.44% | 675.24M 6.39% | 704.82M 7.26% | 727.26M 7.03% | 738.48M 7.89% |
| EBITDA Q2Q % growth | 68.181M 21.65% | 79.009M -20.73% | 83.525M -37.07% | 82.144M -45.15% | 76.5M 12.20% | 98.94M 25.23% | 99.96M 19.68% | 102M 24.17% |
| EBIT Q2Q % growth | 28.068M 50.18% | 39.534M 54.98% | 45.344M 117.78% | 44.931M 1,666.63% | 34.68M 23.56% | 57.12M 44.48% | 58.14M 28.22% | 60.18M 33.94% |
All data in USD
Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data
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
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 36.38 USD. This implies a price increase of 111.76% is expected in the next year compared to the current price of 17.18.
What are the consensus estimates for FWRD stock next earnings?
The consensus EPS estimate for the next earnings of FORWARD AIR CORP (FWRD) is -0.39 USD and the consensus revenue estimate is 634.71M USD.
How do analysts rate FORWARD AIR CORP (FWRD)?
The consensus rating for FORWARD AIR CORP (FWRD) is 80 / 100 . This indicates that analysts generally have a positive outlook on the stock.