We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Strength Seen in Forward Air (FWRD): Can Its 6.2% Jump Turn into More Strength?
Read MoreHide Full Article
Forward Air (FWRD - Free Report) shares ended the last trading session 6.2% higher at $40.16. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.8% gain over the past four weeks.
The increase in share price followed reports that Forward Air has retained two prominent investment bankers to sell the company. Many FWRD shareholders including alternative asset manager Alta Fox have been pressurizing the company to engage in a formal sales process following FWRD's messy meger with Omni Logistics. The merger closed earlier this year but not before FWRD and Omni Logistics were involved in a bitter legal dispute. Alta Fox and many other FWRD shareholders suggest that the best path for Forward Air is to seek new ownership and management.
This contractor for the air cargo industry is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of -105.1%. Revenues are expected to be $656.07 million, up 58.7% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Forward Air, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on FWRD going forward to see if this recent jump can turn into more strength down the road.
Forward Air is part of the Zacks Transportation - Truck industry. Werner Enterprises (WERN - Free Report) , another stock in the same industry, closed the last trading session 1.5% lower at $37.44. WERN has returned 1.3% in the past month.
Werner's consensus EPS estimate for the upcoming report has changed -11.3% over the past month to $0.22. Compared to the company's year-ago EPS, this represents a change of -47.6%. Werner currently boasts a Zacks Rank of #3 (Hold).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Strength Seen in Forward Air (FWRD): Can Its 6.2% Jump Turn into More Strength?
Forward Air (FWRD - Free Report) shares ended the last trading session 6.2% higher at $40.16. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.8% gain over the past four weeks.
The increase in share price followed reports that Forward Air has retained two prominent investment bankers to sell the company. Many FWRD shareholders including alternative asset manager Alta Fox have been pressurizing the company to engage in a formal sales process following FWRD's messy meger with Omni Logistics. The merger closed earlier this year but not before FWRD and Omni Logistics were involved in a bitter legal dispute. Alta Fox and many other FWRD shareholders suggest that the best path for Forward Air is to seek new ownership and management.
This contractor for the air cargo industry is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of -105.1%. Revenues are expected to be $656.07 million, up 58.7% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Forward Air, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on FWRD going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Forward Air is part of the Zacks Transportation - Truck industry. Werner Enterprises (WERN - Free Report) , another stock in the same industry, closed the last trading session 1.5% lower at $37.44. WERN has returned 1.3% in the past month.
Werner's consensus EPS estimate for the upcoming report has changed -11.3% over the past month to $0.22. Compared to the company's year-ago EPS, this represents a change of -47.6%. Werner currently boasts a Zacks Rank of #3 (Hold).