Forward Air Corporation (FWRD)
Forward Air Corporation Altman Z-Score: 12.78
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FWRD Altman Z-Score Rankings
| Overall | 95th percentile | 163 of 3549 |
| Sector | 97th percentile | 23 of 798 in Services |
| Industry | 83rd percentile | 2 of 12 in Air Delivery & Freight Services |
FWRD Altman Z-Score Range, Past 5 Years
| Minimum | 6.043 | Mar 2009 |
| Maximum | 27.90 | Jun 2007 |
| Average | 10.91 |
About Altman Z-Score
CAUTION: The Altman Z-Score is meant to be applied only to manufacturing firms that are near bankruptcy. It was not based on a sample including non-manufacturing firms (service firms, banks, etc.). Use it at your own risk with those companies, but beware that bankruptcy probabilities may be misstated.
The Altman Z-Score helps investors to gauge the probability of a company going bankrupt. Generally, firms with a score above 3.00 have a low probability of bankruptcy, and those with a Z-Score of less than 1.81 have a relatively high probability of bankruptcy.
Note that this is a probabilistic model, so it will not classify perfectly.
The score was first published in a 1968 paper by Edward Altman titled "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy."
Altman re-tested the model in a 2000 paper titled "Predicting financial distress of companies: Revisiting the Z-score and Zeta models". The paper showed that the model still had utility for looking at manufacturers, though the number of misclassifications did increase over time.
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FWRD News
May 03, 3:30PM Business Wire
Apr 23, 3:09PM Business Wire
Apr 23, 8:47AM Street Insider
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Mar 20, 3:05PM Business Wire
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about 111 days ago by earningscast
Feb 07, 4:05PM Business Wire
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about 259 days ago by redman59
about 314 days ago by Benzinga
about 405 days ago by Benzinga
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FWRD | 31.63 | -0.20 | -0.63% | 919.17M |
| FVL | 12.39 | +0.03 | +0.23% | |
| FVI | 18.09 | +0.07 | +0.39% | |
| FVE | 3.05 | -0.03 | -0.97% | 146.10M |
| FTWR | 0.19 | -0.03 | -12.44% | |
| FTR | 3.50 | +0.07 | +2.04% | 3.495B |
| FTNT | 21.84 | +0.41 | +1.91% | 3.415B |
| FTK | 10.91 | -0.09 | -0.82% | 537.97M |
| FTI | 41.72 | -0.27 | -0.64% | 9.974B |
| FTF | 14.31 | -0.24 | -1.65% |
