Forward Air (FWRD) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $1.53
- Estimate
- -$0.15
- Surprise
- +1096.1%
- Revenue (period 2026-06-30)
- $673.0M
- Score today
- 5.8/10
Revenue source: xbrl.
How the report landed
Forward Air (FWRD) beat the -$0.15 estimate with adjusted EPS of $1.53 — a large 1096.1% upside surprise.
Where TrendMatrix's rating stands now
TrendMatrix currently rates FWRD Sell at 5.8/10; no pre/post engine snapshot brackets this report.
4 of the last 4 quarters beat the estimate; this quarter's +1096.1% surprise compares with a +333.1% four-quarter average. Next scheduled report: 2026-11-09.
What argues against it
- Quality below floor (2.9 < 4.0)
- Value-trap signals (3/5): High leverage (D/E 3.5), Material insider selling (10 sells, 0.08% of cap), Negative free cash flow
- Reward/Risk 1.2:1 at current price — below 1.5:1 minimum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $17.54
- Price target
- $20.82
- Stop
- $16.31
- Upside to target
- +18.7%
- Reward-to-risk
- 1.3:1
Risk check: trading volume is running 1.6× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
FWRD at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Integrated Freight & Logistics
- Market cap
- $592.5M
- P/E (fwd)
- 40.8
- 52-week range
- $7.86–$31.18
- Off 52-week high
- 43.7%
- RSI (14)
- 60
- Volume vs avg
- 1.59×
- Score today
- 5.8/10