Forestar Group Inc expected to post earnings of 59cents a share - Earnings Preview

Forestar

20/01/2023 14:11

* Forestar Group Inc  FOR.N   FOR  is expected to show a
fall in
quarterly revenue when it reports  results on January 24. 
    * The Arlington Texas-based  company is expected to report 
a
29.6% decrease in revenue to $286.867 million from $407.6
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 59 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 $16​, below​ its last closing price of $16.40. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  0.68        0.67       0.81      Beat    20.4
 ​​Sep.        0.74        0.74       0.85      Beat    14.6
 30 2021                                                
 Jun. 30 2021  0.39        0.40       0.59      Beat    48​
 Mar. 31 2021  0.42        0.42       0.59      Beat    42.1
 Dec. 31 2020  0.37        0.37       0.46      Beat    25.7
 This summary was machine generated January 20 at 14:11 GMT.  All
figures in US dollars  unless otherwise stated