Stock Ratings / Industrials / FWRD / earnings

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Forward Air Corporation (FWRD) Next Earnings Date & Expected ±11% Move

$17.87 +1.88% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $17.90

Forward Air Corporation (FWRD) carries a Roarable Rating of E (Strong Sell) with 23/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record Warning: Scores below 50 (23/100 · E) historically underperformed SPY in 71% of rolling 90-day windows →

ROARABLE E • RED ALERT Cap $603.7M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $17.90 (+0.15%)🧬 Dilution Drag (+1.28% YoY Shares)⚙️ Cash Engine: 6/20 (E) • 0.7% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (23/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-11.1% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • E

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk E

Each axis scored 0–20

12M PRICE TARGET CONE-15.7% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for FWRD)Realized 20D OHLCV Swing Band: ±11%

Deterministic 5-Pillar Attribution (23/100 Composite)

🔍 WHY FWRD SCORES 23/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Whale & Options Positioning+8/20 pts (35% of score)

20D Institutional Volume Accumulation (±11% realized swing band)

▲ #2 Bullish Driver: Cash Engine Quality+6/20 pts (26% of score)

SEC XBRL FY 2025 (10-K): 0.7% FCF Margin ($16.9M FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+1.28% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade E$15.64-3.8% Next Q

Q2 (-2Q)

Grade E$15.04+1.7% Next Q

Q3 (-1Q)

Grade E$15.30+16.8% Next Q

Current

Grade E$17.87-11.1% Hist 90D α

Trajectory: E (15) → E (23)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a FWRD Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While FWRD currently carries a cautious 23/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Industrials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($16.03) and Max Pain ($18.76) forces dealer call-delta covering toward $32.74.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+1.28% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $FWRD• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “FWRD Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 23%NO 77%Trade / Inspect Odds →

NEXT EST. WINDOW: Dec 30, 2026 (~58 DAYS)

Historical OHLCV Volatility ±11% Swing Band

±$1.97 Expected Swing

MODEL EARNINGS SETUP GAUGE

FWRD Quantitative Pre-Earnings Setup: 23/100

Trailing EPS: $4.25 • YoY Revenue Growth: 0.8%

Model Bullish Setup (23/100)Model Risk Weight (77/100)

Derived deterministically from RQD cash-flow quality, SEC accrual safety, and institutional flow (not a community poll).

LOG YOUR PERSONAL PRE-EARNINGS STANCE (SAVED LOCALLY IN BROWSER):

Recent SEC Reported Revenue, Net Profit & Diluted EPS Cadence

Period	Filed	Revenue	Net Profit	Free Cash Flow	Gross Margin
FY 2025	2025-12-31	$2.50B	-$104.0M	-$93.6M	52%
FY 2024	2024-12-31	$2.47B	-$820.0M	-$738.0M	52%
FY 2023	2023-12-31	$1.37B	$167.0M	$150.3M	52%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring FWRD)

✓Walkthrough of FWRD's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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Join Founding VIP Waitlist (No Card Required) →$100K Arena

FWRD // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -15.15%▲ RESISTANCE BREAKOUT

2026-10-30O $17.89H $18.35L $17.25C $17.87VOL 441.7K

RES: $15.32SUP: $15.23SMA50: $16.03SMA200: $17.65

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FWRD Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 FWRD Butterfly Map → + Track FWRD →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

33.3%/yr Implied 5Y Growth

vs. +0.8% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on FWRD today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for FWRD. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for FWRD today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (FWRD)

Industrials Rank #480 of 485 ⚔️ RLGT vs FWRD Full Matrix →

1. Head-to-Head Industrials Peer Comparison (FWRD vs. RLGT, HUBG, BCO, PSIG)

Industry: Integrated Freight & Logistics (16 Tracked Issuers)

Across 485 tracked Industrials securities in the Roarable RQD universe, Forward Air Corporation (FWRD) ranks #480 by composite RQD confidence (23/100, grade E) and #285 by equity capitalization ($603.7M). Within this direct 5-issuer industry benchmark cohort, BCO leads on earnings valuation at 21.1x trailing P/E, while BCO leads on capital efficiency and profitability with 19.6% ROIC and 25.8% gross margin. RLGT currently holds the highest overall quantitative score in the immediate peer group at 53/100 (D+) compared with FWRD at 23/100 (E).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
FWRD ACTIVE Forward Air Corporation	E	23/100	—	—	1.7%	+1.88%	$603.7M	Benchmark Subject
RLGT Radiant Logistics Inc.	D+	53/100	24.7x	—	8.4%	+0.44%	$426.6M	/rlgt-vs-fwrd →
HUBG Hub Group Inc. (Class A)	D	50/100	—	—	—	+1.56%	$1.63B	/hubg-vs-fwrd →
BCO Brinks Company	D	46/100	21.1x	25.8%	19.6%	+2.00%	$4.21B	/bco-vs-fwrd →
PSIG PS International Group Ltd.	E	32/100	—	1.9%	-32.0%	+0.82%	$75.5M	/psig-vs-fwrd →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000912728

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Forward Air Corporation (FWRD) reported GAAP revenue of $2.50B (+0.8% vs. FY2024 revenue of $2.47B , and +82.0% cumulative change since FY2023) , GAAP net income of -$104.0M, operating cash flow of $0, and free cash flow of $0 . On the balance sheet, FWRD closed FY2025 with $2.72B in total assets against $1.69B in total debt (Altman Z-Score: 0.91, Piotroski F-Score: 2/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$2.50B	-$104.0M	—	—	$2.72B	$1.69B
FY2024 (FY)	2024-12-31	$2.47B	-$820.0M	—	—	$2.80B	$1.68B
FY2023 (FY)	2023-12-31	$1.37B	$167.0M	—	—	—	—

3. FWRD Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is FWRD stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Forward Air Corporation (NASDAQ: FWRD) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 23/100 at a spot price of $17.87 (+1.88% 1D, market cap $603.7M). Pillar breakdown: Fundamental Cash Engine 6/20, Institutional 13F & Options Flow 8/20, Executive Insider Alignment 3/20, FRED Macro Regime Fit 5/20, and SEC Balance-Sheet Forensics 3/20. Across 485 tracked Industrials issuers, FWRD ranks #480 in composite RQD confidence.

How does FWRD compare to RLGT and HUBG in the Industrials sector?

Within the Industrials sector (Integrated Freight & Logistics), FWRD carries a Roarable E (23/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of 1.7%. By comparison, RLGT (Radiant Logistics Inc.) holds a D+ grade (53/100 RQD, P/E 24.7x, ROIC 8.4%, cap $426.6M) and HUBG (Hub Group Inc. (Class A)) posts a D grade (50/100 RQD, P/E N/A, ROIC —, cap $1.63B). Among the 5-stock peer group, BCO leads on earnings multiple (21.1x) while BCO leads on capital efficiency (19.6% ROIC).

What are the biggest fundamental strengths and SEC risk factors for FWRD?

Per FWRD's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000912728), Forward Air Corporation generated $2.50B in revenue (+0.8% YoY), -$104.0M in net income, and $0 in free cash flow against $2.72B in total assets and $1.69B in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is FWRD trading relative to its 50-day, 200-day, and 52-week technical levels?

FWRD last traded at $17.87 (+1.88% on volume of 599,819 shares), positioning the stock +11.48% above its 50-day simple moving average ($16.03) and +1.25% above its 200-day simple moving average ($17.65). Across its 52-week range of $7.86 to $31.18, FWRD sits at the 42.9% percentile with a 14-day RSI of 64.2 (BULLISH MOMENTUM) and an implied next-earnings move of ±11.0% ($15.90 to $19.84).

FWRD Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

When is FWRD's next earnings date?

Based on SEC filing cadence, Forward Air Corporation (FWRD)'s next quarterly reporting window is estimated around Dec 30, 2026.

How much is FWRD stock expected to move on earnings?

Volatility modeling currently projects a ±11% event move for FWRD, spanning a range between $15.9 and $19.84.

Direct Sub-Reports: FWRD RQD Cockpit FWRD 12M Forecast FWRD Earnings & Move FWRD Dividends & DRIP FWRD Insiders & 13F FWRD Whale Options FWRD Profit Sankey FWRD News & Why