Forestar Group Inc expected to post earnings of 34  cents a share - Earnings Preview

Forestar

18/04/2023 14:07

* Forestar Group Inc  FOR.N   FOR  is expected to show a
fall in
quarterly revenue when it reports  results on April 20. 
    * The Arlington Texas-based  company is expected to report 
a
49.0% decrease in revenue to $215 million from $421.6 million a
year ago, according to the mean estimate from 3 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Forestar Group Inc
is for
earnings of 34 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Forestar
Group
Inc is $18​, above​ its last closing price of $15.53. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.59        0.59       0.42      Missed  -29.1
 Sep. 30 2022  0.48        0.48       1.02      Beat    111.4
 Jun. 30 2022  0.78        0.81       0.80      Missed  -1.1​
 Mar. 31 2022  0.74        0.73       1.02      Beat    40.4
 ​​Dec.        0.68        0.67       0.81      Beat    20.4
 31 2021                                                
 Sep. 30 2021  0.74        0.74       0.85      Beat    14.6​
 Jun. 30 2021  0.39        0.40       0.59      Beat    48
 Mar. 31 2021  0.42        0.42       0.59      Beat    42.1
 This summary was machine generated April 18 at 13:07 GMT.  All
figures in US dollars  unless otherwise stated