Forestar Group Inc expected to post earnings of 55  cents a share - Earnings Preview

Forestar

18/07/2023 14:39

* Forestar Group Inc  FOR.N   FOR  is expected to show a
fall in
quarterly revenue when it reports  results on July 20. 
    * The Arlington Texas-based  company is expected to report 
a
6.8% decrease in revenue to $287.5 million from $308.5 million a
year ago, according to the mean estimate from 2 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Forestar Group Inc
is for
earnings of 55 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 $25​, above​ its last closing price of $23.89. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.34        0.34       0.54      Beat    57.1
 Dec. 31 2023  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.        0.74        0.73       1.02      Beat    40.4
 31 2022                                                
 Dec. 31 2021  0.68        0.67       0.81      Beat    20.4​
 Sep. 30 2021  0.74        0.74       0.85      Beat    14.6
 Jun. 30 2021  0.39        0.40       0.59      Beat    48
 This summary was machine generated July 18 at 13:39 GMT.  All
figures in US dollars  unless otherwise stated