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Forward Air Corporation FWRD NASDAQ

NASDAQ Global Select • Industrials • Integrated Freight & Logistics • US • USD

SharesGrow Score
44/100
1/7 Pass
SharesGrow Intrinsic Value
N/A
Negative cash flow
Analyst Price Target
$37.00
+94.3%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

Forward Air Corporation (FWRD) has a negative trailing P/E of -5.2, meaning the company is currently unprofitable on a trailing twelve-month (TTM) basis. The forward P/E of 64.2 based on analyst estimates suggests a return to profitability is expected. Trailing earnings yield is -19.12%, forward earnings yield 1.56%.

Criteria proven by this page:

  • VALUE (100/100, Pass) — analyst target implies upside (+94.3%).
  • Forward P/E 64.2 — analysts expect a return to profitability with estimated EPS of $0.30 for FY2027.
  • Trailing Earnings Yield -19.12% — negative yield confirms the company is currently unprofitable. Investors are paying for a turnaround rather than current earnings. Forward yield improves to 1.56% as earnings recover.
  • Analyst consensus target $37.00 (+94.3% upside) — significant upside potential according to Wall Street analysts.

Overall SharesGrow Score: 44/100 with 1/7 criteria passed.

SharesGrow 7-Criteria Score
44/100
SG Score
View full scorecard →
VALUE
100/100
Price-to-Earnings & upside
Proven by this page
~
FUTURE
52/100
Analyst consensus
→ Forecast
~
PAST
50/100
→ Income
HEALTH
17/100
Debt-to-Equity & liquidity
→ Health
MOAT
32/100
→ Income
~
GROWTH
48/100
→ Income
INCOME
10/100
→ Income

Valuation Snapshot — FWRD

Valuation Multiples
P/E (TTM)-5.2
Forward P/E64.2
PEG RatioN/A
Forward PEGN/A
P/B Ratio4.97
P/S Ratio0.23
EV/EBITDA14.1
Per Share Data
EPS (TTM)$-3.48
Forward EPS (Est.)$0.30
Book Value / Share$5.22
Revenue / Share$80.56
FCF / Share$0.49
Yields & Fair Value
Earnings Yield-19.12%
Forward Earnings Yield1.56%
Dividend Yield0.00%
Analyst Target$37.00 (+94.3%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 52.1 -1.05 2.89 1.47 1.08%
2017 19.8 0.09 3.24 1.57 1.04%
2018 17.3 1.86 2.88 1.21 1.16%
2019 22.6 -6.53 3.42 1.62 1.04%
2020 89.5 -1.24 3.88 1.67 0.98%
2021 31.1 0.09 5.54 2.37 0.70%
2022 14.5 0.17 3.97 1.67 0.92%
2023 9.7 -0.10 2.13 1.19 1.53%
2024 -1.1 0.00 4.40 0.36 -
2025 -7.2 0.08 6.83 0.31 -

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $0.90 $982.53M $27.67M 2.8%
2017 $2.89 $1.1B $87.32M 7.9%
2018 $3.15 $1.32B $92.05M 7%
2019 $3.04 $1.41B $87.1M 6.2%
2020 $1.91 $1.27B $52.77M 4.2%
2021 $3.85 $1.66B $105.86M 6.4%
2022 $7.14 $1.97B $193.19M 9.8%
2023 $0.43 $1.37B $167.35M 12.2%
2024 $-29.24 $2.47B $-816.97M -33%
2025 $-3.48 $2.5B $-107.8M -4.3%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $-0.71 $-0.79 – $-0.63 $2.6B $2.59B – $2.62B 3
2027 $0.27 $0.23 – $0.30 $2.77B $2.75B – $2.78B 3
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