FORWARD AIR CORP (FWRD) Earnings History & Surprises
NASDAQ:FWRD • US34986A1043
23.88 USD
-0.73 (-2.97%)
At close: Mar 5, 2026
23.88 USD
0 (0%)
After Hours: 3/5/2026, 8:00:01 PM
Past quarterly earnings results for FORWARD AIR CORP (FWRD), including EPS and revenue actuals, analyst estimates, and surprise percentages. This page focuses on historical performance (not forecasts).
Earnings Snapshot
Next Earnings Date
Release DateN/A
PeriodQ1 / 2026
EPS Estimate-$0.39
Revenue Estimate634.71M
Last Reported
Release DateFeb 23, 2026
PeriodQ4 / 2025
EPS Reported-$0.79
EPS Surprise -203.73%
Revenue Surprise -1.68%
Beat Rate
13%
EPS and Revenuebeats vs estimates
Quarterly Earnings Results
EPS & Revenue History (USD)
Actual vs estimated values, surprises, q2q growth and acceleration numbers for recent quarters.
| Quarter | EPS | EPS Est | EPS Surprise | EPS Q2Q | Revenue | Revenue Est | Revenue Surprise | Revenue Q2Q |
|---|---|---|---|---|---|---|---|---|
| Q4 2025 | -0.79 | -0.26 | -203.73% | 73.31% | 631.23M | 642.04M | -1.68% | -0.26% |
| Q3 2025 | -0.41 | -0.17 | -143.02% | 76.49% | 631.763M | 652.8M | -3.22% | -3.69% |
| Q2 2025 | 0.06 | -0.28 | 121.79% | -98.23% | 618.844M | 640.54M | -3.39% | -3.86% |
| Q1 2025 | -1.12 | -0.57 | -96.96% | -75.00% | 613.281M | 637.35M | -3.78% | 13.19% |
| Q4 2024 | -2.96 | -0.05 | -6,208.61% | -465.43% | 632.846M | 680.75M | -7.04% | 87.00% |
| Q3 2024 | -1.74 | -0.17 | -944.44% | -275.76% | 655.937M | 668.92M | -1.94% | 58.65% |
| Q2 2024 | 3.39 | -0.19 | 1,912.87% | 272.53% | 643.666M | 655.78M | -1.85% | 60.04% |
| Q1 2024 | -0.64 | -0.11 | -470.41% | -146.72% | 541.813M | 616.09M | -12.06% | 26.87% |
| Q4 2023 | 0.81 | 1.00 | -18.69% | -50.91% | 338.428M | 414.7M | -18.39% | -29.67% |
| Q3 2023 | 0.99 | 1.14 | -12.90% | -48.70% | 413.447M | 427.97M | -3.39% | -18.93% |
| Q2 2023 | 0.91 | 1.30 | -30.14% | -55.39% | 402.182M | 461.91M | -12.93% | -21.94% |
| Q1 2023 | 1.37 | 1.33 | 2.82% | -12.74% | 427.066M | 469.95M | -9.13% | -8.55% |
| Q4 2022 | 1.65 | 1.98 | -16.62% | 17.86% | 481.2M | 517.39M | -6.99% | 4.63% |
| Q3 2022 | 1.93 | 1.94 | -0.64% | 69.30% | 510M | 514.42M | -0.86% | 21.54% |
| Q2 2022 | 2.04 | 1.82 | 12.28% | 83.78% | 515.2M | 512.46M | 0.53% | 22.46% |
| Q1 2022 | 1.57 | 1.29 | 21.52% | 292.50% | 467M | 459.2M | 1.70% | 28.93% |
| Q4 2021 | 1.40 | 1.33 | 5.00% | 923.53% | 459.9M | 452.18M | 1.71% | 31.29% |
| Q3 2021 | 1.14 | 1.09 | 4.13% | 90.00% | 419.6M | 432.91M | -3.07% | 26.39% |
| Q2 2021 | 1.11 | 0.99 | 12.38% | 909.09% | 420.7M | 399.33M | 5.35% | 49.34% |
| Q1 2021 | 0.40 | 0.58 | -30.96% | 33.33% | 362.2M | 347.13M | 4.34% | 18.52% |
| Q4 2020 | -0.17 | 0.74 | -122.94% | - | 350.3M | 350.96M | -0.19% | - |
| Q3 2020 | 0.60 | 0.44 | 37.44% | - | 332M | 328.72M | 1.00% | - |
| Q2 2020 | 0.11 | 0.12 | -11.36% | - | 281.7M | 282.19M | -0.17% | - |
| Q1 2020 | 0.30 | 0.41 | -27.68% | - | 305.6M | 351.12M | -12.96% | - |
Notes
- EPS and Revenue values are non-GAAP when available, otherwise GAAP.
- Surprise % is (Actual - Estimate) / |Estimate|. Green indicates positive surprise, red negative.
- Q2Q % is quarter-over-quarter growth. Green indicates growth, red indicates decline.
- Green right border indicates acceleration for sales or earnings growth. Acceleration is the case when the current Q2Q is above the previous Q2Q.
Earnings Q2Q Performance Trends
EPS Historical Q2Q growth and Acceleration
Revenue Historical Q2Q growth and Acceleration
Surprise distribution (Last 4 Quarters)
EPS beat statistics
EPS beat (4)
1
Average EPS beat (4)
-80.48%
Max EPS beat (4)
121.79%
Min EPS beat (4)
-203.73%
Revenue beat statistics
Revenue beat (4)
0
Average Revenue beat (4)
-3.02%
Max Revenue beat (4)
-1.68%
Min Revenue beat (4)
-3.78%
Analysis
In the last 4 quarters, FWRD has beaten EPS estimates in 1 out of 4 releases
FWRD has not beaten revenue estimates in any of the last 4 earnings releases
In the last 4 quarters, FWRD reported -80.5% below the EPS estimates on average.
In the last 4 quarters, FWRD reported -3.0% below the revenue estimates on average.
FORWARD AIR CORP / FWRD Earnings FAQ
Can you provide the last earnings date for FORWARD AIR CORP?
FORWARD AIR CORP (FWRD) last reported earnings on 2/23/2026.
Did FWRD stock beat earnings estimates in the most recent quarter?
FORWARD AIR CORP (FWRD) missed EPS estimates and missed revenue estimates in the most recent quarter.
Can you provide information on how often FORWARD AIR CORP beats earnings estimates?
In the last 4 quarters, FORWARD AIR CORP (FWRD) has beaten EPS estimates in 1 out of 4 releases.