Forward Air raises Q2 EPS and revenue view above estimates

Jul. 19, 2022 4:58 AM ETForward Air Corporation (FWRD)By: Meghavi Singh, SA News Editor
  • In a regulatory filing, Asset-light freight and logistics company Forward Air (NASDAQ:FWRD) said it will report Q2 revenues of ~$515.0M, a slight increase above the high end of the 2022 second quarter revenue guidance range of $494.30M-$510.50M.
  • Q2 net income per diluted share in a range of $1.98 to $2.10 raised from prior guidance of from $1.59-$1.63 vs. consensus of $1.69.
  • The firm sees continued strong performance going into the Q3 and will elaborate further on the upcoming quarterly conference call scheduled for July 28, 2022.
  • The company expects to report its full Q2 2022 results following the close of market on July 27, 2022.

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