Forward Air Net Income vs. Short Ratio
| FWRD Stock | USD 26.81 0.31 1.14% |
Net Loss | First Reported 1994-03-31 | Previous Quarter -12.6 M | Current Value -16.2 M | Quarterly Volatility 60.9 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.15 | 0.16 |
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For Forward Air profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Forward Air to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Forward Air utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Forward Air's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Forward Air over time as well as its relative position and ranking within its peers.
Forward Air's Revenue Breakdown by Earning Segment
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Forward Air Revenue Breakdown by Earning Segment
By analyzing Forward Air's earnings estimates, investors can diagnose different trends across Forward Air's analyst sentiment over time as well as compare current estimates against different timeframes.
Will Air Freight & Logistics sector continue expanding? Could Forward diversify its offerings? Factors like these will boost the valuation of Forward Air. Market participants price Forward higher when confident in its future expansion prospects. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Forward Air data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth 1.45 | Earnings Share (4.05) | Revenue Per Share | Quarterly Revenue Growth (0.04) | Return On Assets |
Understanding Forward Air requires distinguishing between market price and book value, where the latter reflects Forward's accounting equity. The concept of intrinsic value - what Forward Air's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Forward Air's price substantially above or below its fundamental value.
Please note, there is a significant difference between Forward Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Forward Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Forward Air's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.
Forward Air Short Ratio vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Forward Air's current stock value. Our valuation model uses many indicators to compare Forward Air value to that of its competitors to determine the firm's financial worth. Forward Air is rated below average in net income category among its peers. It is one of the top stocks in short ratio category among its peers . At present, Forward Air's Net Loss is projected to decrease significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Forward Air by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Forward Short Ratio vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Forward Air |
| = | (1.12 B) |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Forward Air |
| = | 8.44 X |
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
Forward Short Ratio Comparison
Forward Air is currently under evaluation in short ratio category among its peers.
Forward Air Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Forward Air, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Forward Air will eventually generate negative long term returns. The profitability progress is the general direction of Forward Air's change in net profit over the period of time. It can combine multiple indicators of Forward Air, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -2.5 M | -2.6 M | |
| Operating Income | -956.6 M | -908.8 M | |
| Income Before Tax | -1.1 B | -1.1 B | |
| Total Other Income Expense Net | -168.2 M | -159.8 M | |
| Net Loss | -1 B | -961.7 M | |
| Income Tax Expense | -143.7 M | -136.6 M | |
| Net Income Applicable To Common Shares | 222.2 M | 233.3 M | |
| Net Loss | -1 B | -961.7 M | |
| Non Operating Income Net Other | -2.7 K | -2.6 K | |
| Interest Income | 3.1 M | 2.1 M | |
| Net Interest Income | -170.3 M | -161.8 M | |
| Change To Netincome | 34.4 M | 36.1 M | |
| Net Loss | (34.11) | (32.41) | |
| Income Quality | 0.06 | 0.06 | |
| Net Income Per E B T | 0.59 | 0.57 |
Forward Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Forward Air. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Forward Air position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Forward Air's important profitability drivers and their relationship over time.
Forward Air Earnings Estimation Breakdown
The calculation of Forward Air's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Forward Air is estimated to be -0.369175 with the future projection ranging from a low of -0.4475 to a high of -0.2725. Please be aware that this consensus of annual earnings estimates for Forward Air is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
-0.45 Lowest | Expected EPS | -0.27 Highest |
Forward Air Earnings Projection Consensus
Suppose the current estimates of Forward Air's value are higher than the current market price of the Forward Air stock. In this case, investors may conclude that Forward Air is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Forward Air's stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of December 2025 | Current EPS (TTM) | |
| 6 | 53.58% | -0.52 | -0.369175 | -4.05 |
Forward Air Earnings History
Earnings estimate consensus by Forward Air analysts from Wall Street is used by the market to judge Forward Air's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we suggest analyzing not only Forward Air's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.Forward Air Quarterly Gross Profit |
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Forward Air Earnings per Share Projection vs Actual
Actual Earning per Share of Forward Air refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Forward Air predict the company's earnings will be in the future. The higher the earnings per share of Forward Air, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Forward Air Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Forward Air, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Forward Air should always be considered in relation to other companies to make a more educated investment decision.Forward Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Forward Air's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2025-11-05 | 2025-09-30 | -0.1579 | -0.52 | -0.3621 | 229 | ||
2025-08-11 | 2025-06-30 | -0.2317 | -0.41 | -0.1783 | 76 | ||
2025-05-06 | 2025-03-31 | -0.484 | -1.1315 | -0.6475 | 133 | ||
2025-02-26 | 2024-12-31 | -0.1167 | -1.24 | -1.1233 | 962 | ||
2024-11-04 | 2024-09-30 | -0.16 | -1.74 | -1.58 | 987 | ||
2024-08-07 | 2024-06-30 | -0.18 | 3.39 | 3.57 | 1983 | ||
2024-05-08 | 2024-03-31 | -0.11 | -0.64 | -0.53 | 481 | ||
2024-02-28 | 2023-12-31 | 0.98 | 0.81 | -0.17 | 17 | ||
2023-10-30 | 2023-09-30 | 1.11 | 0.99 | -0.12 | 10 | ||
2023-08-02 | 2023-06-30 | 1.28 | 0.91 | -0.37 | 28 | ||
2023-05-01 | 2023-03-31 | 1.31 | 1.37 | 0.06 | 4 | ||
2023-02-08 | 2022-12-31 | 1.94 | 1.65 | -0.29 | 14 | ||
2022-10-26 | 2022-09-30 | 1.9 | 1.93 | 0.03 | 1 | ||
2022-07-27 | 2022-06-30 | 1.78 | 2.04 | 0.26 | 14 | ||
2022-04-27 | 2022-03-31 | 1.27 | 1.57 | 0.3 | 23 | ||
2022-02-09 | 2021-12-31 | 1.31 | 1.4 | 0.09 | 6 | ||
2021-10-27 | 2021-09-30 | 1.07 | 1.14 | 0.07 | 6 | ||
2021-07-29 | 2021-06-30 | 0.97 | 1.11 | 0.14 | 14 | ||
2021-04-29 | 2021-03-31 | 0.57 | 0.4 | -0.17 | 29 | ||
2021-02-11 | 2020-12-31 | 0.73 | -0.17 | -0.9 | 123 | ||
2020-10-29 | 2020-09-30 | 0.43 | 0.6 | 0.17 | 39 | ||
2020-07-30 | 2020-06-30 | 0.12 | 0.11 | -0.01 | 8 | ||
2020-04-30 | 2020-03-31 | 0.41 | 0.3 | -0.11 | 26 | ||
2020-02-06 | 2019-12-31 | 0.93 | 0.85 | -0.08 | 8 | ||
2019-10-24 | 2019-09-30 | 0.78 | 0.78 | 0.0 | 0 | ||
2019-07-25 | 2019-06-30 | 0.79 | 0.78 | -0.01 | 1 | ||
2019-04-24 | 2019-03-31 | 0.62 | 0.64 | 0.02 | 3 | ||
2019-02-07 | 2018-12-31 | 0.82 | 0.95 | 0.13 | 15 | ||
2018-10-24 | 2018-09-30 | 0.8 | 0.8 | 0.0 | 0 | ||
2018-07-25 | 2018-06-30 | 0.76 | 0.82 | 0.06 | 7 | ||
2018-04-25 | 2018-03-31 | 0.57 | 0.6 | 0.03 | 5 | ||
2018-02-07 | 2017-12-31 | 0.62 | 0.65 | 0.03 | 4 | ||
2017-10-25 | 2017-09-30 | 0.58 | 0.58 | 0.0 | 0 | ||
2017-07-26 | 2017-06-30 | 0.58 | 0.64 | 0.06 | 10 | ||
2017-04-26 | 2017-03-31 | 0.4 | 0.47 | 0.07 | 17 | ||
2017-02-08 | 2016-12-31 | 0.55 | 0.58 | 0.03 | 5 | ||
2016-10-20 | 2016-09-30 | 0.52 | 0.51 | -0.01 | 1 | ||
2016-07-21 | 2016-06-30 | 0.58 | 0.57 | -0.01 | 1 | ||
2016-04-21 | 2016-03-31 | 0.43 | 0.43 | 0.0 | 0 | ||
2016-02-09 | 2015-12-31 | 0.64 | 0.76 | 0.12 | 18 | ||
2015-10-21 | 2015-09-30 | 0.59 | 0.58 | -0.01 | 1 | ||
2015-07-21 | 2015-06-30 | 0.61 | 0.51 | -0.1 | 16 | ||
2015-04-21 | 2015-03-31 | 0.4 | 0.4 | 0.0 | 0 | ||
2015-02-10 | 2014-12-31 | 0.59 | 0.55 | -0.04 | 6 | ||
2014-10-23 | 2014-09-30 | 0.59 | 0.54 | -0.05 | 8 | ||
2014-07-22 | 2014-06-30 | 0.56 | 0.55 | -0.01 | 1 | ||
2014-04-21 | 2014-03-31 | 0.37 | 0.33 | -0.04 | 10 | ||
2014-02-10 | 2013-12-31 | 0.56 | 0.5 | -0.06 | 10 | ||
2013-10-21 | 2013-09-30 | 0.46 | 0.46 | 0.0 | 0 | ||
2013-07-18 | 2013-06-30 | 0.53 | 0.45 | -0.08 | 15 | ||
2013-04-18 | 2013-03-31 | 0.39 | 0.36 | -0.03 | 7 | ||
2013-02-11 | 2012-12-31 | 0.5 | 0.54 | 0.04 | 8 | ||
2012-10-18 | 2012-09-30 | 0.4 | 0.41 | 0.01 | 2 | ||
2012-07-19 | 2012-06-30 | 0.46 | 0.48 | 0.02 | 4 | ||
2012-04-19 | 2012-03-31 | 0.34 | 0.35 | 0.01 | 2 | ||
2012-02-07 | 2011-12-31 | 0.5 | 0.5 | 0.0 | 0 | ||
2011-10-19 | 2011-09-30 | 0.4 | 0.44 | 0.04 | 10 | ||
2011-07-20 | 2011-06-30 | 0.37 | 0.4 | 0.03 | 8 | ||
2011-04-20 | 2011-03-31 | 0.23 | 0.27 | 0.04 | 17 | ||
2011-02-14 | 2010-12-31 | 0.37 | 0.41 | 0.04 | 10 | ||
2010-10-20 | 2010-09-30 | 0.31 | 0.31 | 0.0 | 0 | ||
2010-07-22 | 2010-06-30 | 0.23 | 0.27 | 0.04 | 17 | ||
2010-04-21 | 2010-03-31 | 0.12 | 0.12 | 0.0 | 0 | ||
2010-02-08 | 2009-12-31 | 0.19 | 0.22 | 0.03 | 15 | ||
2009-10-21 | 2009-09-30 | 0.12 | 0.13 | 0.01 | 8 | ||
2009-07-20 | 2009-06-30 | 0.09 | 0.1 | 0.01 | 11 | ||
2009-04-20 | 2009-03-31 | 0.05 | 0.04 | -0.01 | 20 | ||
2009-02-09 | 2008-12-31 | 0.29 | 0.29 | 0.0 | 0 | ||
2008-10-20 | 2008-09-30 | 0.42 | 0.42 | 0.0 | 0 | ||
2008-07-21 | 2008-06-30 | 0.41 | 0.42 | 0.01 | 2 | ||
2008-04-21 | 2008-03-31 | 0.35 | 0.35 | 0.0 | 0 | ||
2008-02-11 | 2007-12-31 | 0.38 | 0.43 | 0.05 | 13 | ||
2007-10-22 | 2007-09-30 | 0.36 | 0.36 | 0.0 | 0 | ||
2007-07-24 | 2007-06-30 | 0.39 | 0.38 | -0.01 | 2 | ||
2007-04-23 | 2007-03-31 | 0.36 | 0.34 | -0.02 | 5 | ||
2007-02-12 | 2006-12-31 | 0.43 | 0.4 | -0.03 | 6 | ||
2006-10-23 | 2006-09-30 | 0.44 | 0.41 | -0.03 | 6 | ||
2006-07-24 | 2006-06-30 | 0.41 | 0.41 | 0.0 | 0 | ||
2006-04-24 | 2006-03-31 | 0.34 | 0.35 | 0.01 | 2 | ||
2006-02-13 | 2005-12-31 | 0.42 | 0.41 | -0.01 | 2 | ||
2005-10-25 | 2005-09-30 | 0.37 | 0.38 | 0.01 | 2 | ||
2005-07-26 | 2005-06-30 | 0.32 | 0.34 | 0.02 | 6 | ||
2005-04-26 | 2005-03-31 | 0.27 | 0.27 | 0.0 | 0 | ||
2005-02-15 | 2004-12-31 | 0.3 | 0.31 | 0.01 | 3 | ||
2004-10-26 | 2004-09-30 | 0.26 | 0.27 | 0.01 | 3 | ||
2004-07-27 | 2004-06-30 | 0.23 | 0.26 | 0.03 | 13 | ||
2004-04-27 | 2004-03-31 | 0.2 | 0.21 | 0.01 | 5 | ||
2004-02-09 | 2003-12-31 | 0.2 | 0.23 | 0.03 | 15 | ||
2003-10-27 | 2003-09-30 | 0.19 | 0.19 | 0.0 | 0 | ||
2003-07-24 | 2003-06-30 | 0.18 | 0.19 | 0.01 | 5 | ||
2003-04-23 | 2003-03-31 | 0.16 | 0.17 | 0.01 | 6 | ||
2003-02-12 | 2002-12-31 | 0.16 | 0.17 | 0.01 | 6 | ||
2002-10-30 | 2002-09-30 | 0.14 | 0.14 | 0.0 | 0 | ||
2002-07-17 | 2002-06-30 | 0.17 | 0.16 | -0.01 | 5 | ||
2002-04-17 | 2002-03-31 | 0.14 | 0.15 | 0.01 | 7 | ||
2002-02-11 | 2001-12-31 | 0.15 | 0.14 | -0.01 | 6 | ||
2001-10-17 | 2001-09-30 | 0.14 | 0.13 | -0.01 | 7 | ||
2001-07-17 | 2001-06-30 | 0.15 | 0.15 | 0.0 | 0 | ||
2001-04-18 | 2001-03-31 | 0.18 | 0.19 | 0.01 | 5 | ||
2001-02-13 | 2000-12-31 | 0.21 | 0.2 | -0.01 | 4 | ||
2000-10-18 | 2000-09-30 | 0.18 | 0.19 | 0.01 | 5 | ||
2000-07-19 | 2000-06-30 | 0.15 | 0.19 | 0.04 | 26 | ||
2000-04-18 | 2000-03-31 | 0.05 | 0.14 | 0.09 | 180 | ||
2000-02-08 | 1999-12-31 | 0.14 | 0.17 | 0.03 | 21 | ||
1999-10-15 | 1999-09-30 | 0.12 | 0.12 | 0.0 | 0 | ||
1999-07-19 | 1999-06-30 | 0.11 | 0.11 | 0.0 | 0 | ||
1999-04-15 | 1999-03-31 | 0.09 | 0.11 | 0.02 | 22 | ||
1999-02-08 | 1998-12-31 | 0.08 | 0.1 | 0.02 | 25 | ||
1998-10-21 | 1998-09-30 | 0.08 | 0.09 | 0.01 | 12 | ||
1998-07-21 | 1998-06-30 | 0.09 | 0.08 | -0.01 | 11 | ||
1998-04-21 | 1998-03-31 | 0.04 | 0.08 | 0.04 | 100 | ||
1998-02-10 | 1997-12-31 | 0.08 | 0.1 | 0.02 | 25 | ||
1997-10-21 | 1997-09-30 | 0.07 | 0.11 | 0.04 | 57 | ||
1997-07-22 | 1997-06-30 | 0.06 | 0.07 | 0.01 | 16 | ||
1997-04-22 | 1997-03-31 | 0.02 | 0.03 | 0.01 | 50 | ||
1997-02-10 | 1996-12-31 | 0.05 | 0.05 | 0.0 | 0 | ||
1996-10-23 | 1996-09-30 | 0.04 | 0.03 | -0.01 | 25 | ||
1996-07-24 | 1996-06-30 | 0.05 | 0.04 | -0.01 | 20 | ||
1996-04-24 | 1996-03-31 | 0.02 | 0.02 | 0.0 | 0 |
Use Forward Air in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Forward Air position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Forward Air will appreciate offsetting losses from the drop in the long position's value.Forward Air Pair Trading
Forward Air Pair Trading Analysis
The ability to find closely correlated positions to Forward Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Forward Air when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Forward Air - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Forward Air to buy it.
The correlation of Forward Air is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Forward Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Forward Air moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Forward Air can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Forward Air position
In addition to having Forward Air in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Utilities Thematic Idea Now
Utilities
Highly leveraged corporations that deliver utilities such as power, water or gas to public or business. The Utilities theme has 30 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Utilities Theme or any other thematic opportunities.
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Check out Investing Opportunities. For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
To fully project Forward Air's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Forward Air at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Forward Air's income statement, its balance sheet, and the statement of cash flows.