Forward Air revises Q1 24 Ebitda calculation
PRESS RELEASE 27/06/2024 Consolidated EBITDA Increases from $300 Million to $324 Million Following Addition of Allowable Addbacks GREENEVILLE, ...
XPO: MEXICAN WAVEXPO: TALKING TURKEYDSV: SCHENKER BOOST ERODINGPLD: EARNINGS DAY JBHT: IN PRIOR CYCLES JBHT: CONF CALL QUESTION TIMEJBHT: BNSF LOGISTICS INTEGRATION JBHT: INTERMODAL 'SEASONALITY' JBHT: PRESSURE ON SALES JBHT: CEO SIMPSON REMARKSJBHT: CONF CALL WITH SELL-SIDE STARTINGJBHT: HERE COMES THE PAINJBHT: EARNINGS DAYGXO: WINCANTON LOSSESR: ALL RISE
XPO: MEXICAN WAVEXPO: TALKING TURKEYDSV: SCHENKER BOOST ERODINGPLD: EARNINGS DAY JBHT: IN PRIOR CYCLES JBHT: CONF CALL QUESTION TIMEJBHT: BNSF LOGISTICS INTEGRATION JBHT: INTERMODAL 'SEASONALITY' JBHT: PRESSURE ON SALES JBHT: CEO SIMPSON REMARKSJBHT: CONF CALL WITH SELL-SIDE STARTINGJBHT: HERE COMES THE PAINJBHT: EARNINGS DAYGXO: WINCANTON LOSSESR: ALL RISE
M&A prospect Forward Air – Omni Logistics should ring a bell! – is the worst performer (-3.39%) today in our demo portfolio at midday (EST), hitting a multi-year low in the mid-$50s – in case you have missed Seeking Alpha‘s report out on Wednesday:
Shares of Forward Air (NASDAQ:FWRD) fell nearly 6% on Wednesday after Wolfe downgraded the logistics services firm to Underperform from Peer Perform.
Wolfe, which set a price target of $50, said Forward was the worst performing stock in the brokerage’s transport coverage last year with significant downward EPS revisions and the announced acquisition of Omni Logistics.
The company in August last year said it will merge with Ridgemont Equity Partners-owned Omni Logistics in a cash-and-stock transaction to expand its domestic footprint…
The full post is here.
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