Forward Air (Nasdaq: FWRD) reported earnings on July 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Forward Air missed estimates on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew. GAAP earnings per share contracted.

Margins contracted across the board.

Revenue details
Forward Air reported revenue of $159.8 million. The two analysts polled by S&P Capital IQ anticipated net sales of $167.5 million on the same basis. GAAP reported sales were 7.7% higher than the prior-year quarter's $148.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
EPS came in at $0.45. The 13 earnings estimates compiled by S&P Capital IQ averaged $0.53 per share. GAAP EPS of $0.45 for Q2 were 6.2% lower than the prior-year quarter's $0.48 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
For the quarter, gross margin was 26.9%, 100 basis points worse than the prior-year quarter. Operating margin was 14.1%, 150 basis points worse than the prior-year quarter. Net margin was 8.7%, 90 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $162.1 million. On the bottom line, the average EPS estimate is $0.46.

Next year's average estimate for revenue is $641.1 million. The average EPS estimate is $1.82.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 109 members out of 121 rating the stock outperform, and 12 members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Forward Air a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Forward Air is hold, with an average price target of $38.50.

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