Forestar Group Inc expected to post earnings of 81  cents a share - Earnings Preview

Forestar

15/07/2022 21:37

* Forestar Group Inc  FOR.N   FOR  is expected to show a
rise in
quarterly revenue when it reports  results on July 19. 
    * The Arlington Texas-based  company is expected to report 
a
30.5% increase in revenue to $408.45 million from $312.9 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Forestar Group Inc
is for
earnings of 81 cents per share. For the same quarter last year,
the company reported earnings of 59 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"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 $21.5​, above​ its last closing price of $14.88. ​​​
    * 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 2022  0.74        0.73       1.02      Beat    40.4
 Dec. 31 2022  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
 ​​Mar.        0.42        0.42       0.59      Beat    42.1
 31 2021                                                
 Dec. 31 2020  0.37        0.37       0.46      Beat    25.7​
 Sep. 30 2020  0.22        0.23       0.50      Beat    119.7
 Jun. 30 2020  -0.02       -0.01      0.16      Beat    1,226.
                                                        8
 This summary was machine generated July 15 at 20:37 GMT.  All
figures in US dollars  unless otherwise stated