Forward Air Corporation (FWRD) shares increased by 9.5% on the last trading session, closing at $30.45. The rise followed bids from several private equity firms, including Clearlake Capital and Platinum Equity, seeking to acquire the trucking company. In the past month, FWRD has seen a gain of 24.3%.
For its upcoming quarterly report, Forward Air is expected to post a loss of $0.17 per share, reflecting a year-over-year change of +99.3%. Revenue estimates stand at $637.67 million, a decline of 0.9% from the previous year.
In comparison, ArcBest Corporation (ARCB) also reported a gain of 1.7%, closing at $83.29. ARC’s projected EPS has dropped -5.7% over the past month to $1.46, a -26.3% change from the prior year.
