Benzinga | Apr 28, 2021 10:58AM EDT

Forward Air's Earnings: A Preview

Forward Air (NASDAQ:FWRD) releases its next round of earnings this Thursday, April 29. Get the latest predictions in Benzinga's essential guide to the company's Q1 earnings report.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Analysts expect Forward Air earnings of $0.57 per share. Revenue will likely be around $340.32 million, according to the consensus estimate. In the same quarter last year, Forward Air announced EPS of $0.3 on revenue of $342.51 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to match the consensus estimate when it reports Thursday, earnings would be up 90.0%. Revenue would be down 0.64% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past: Quarter Q4 2021 Q3 2020 Q2 2020 Q1 2020EPS Estimate 0.73 0.43 0.08 0.41EPS Actual 0.55 0.61 0.33 0.30Revenue Estimate 344.08 M 323.00 M 268.56 M 344.24 MRevenue Actual 350.34 M 332.00 M 281.68 M 342.51 M

Stock Performance

Shares of Forward Air were trading at $86.56 as of April 27. Over the last 52-week period, shares are up 70.31%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Forward Air is scheduled to hold the call at 09:00:00 ET and can be accessed here.