Forestar Group Inc reports results for the quarter ended December 31 - Earnings Summary

Forestar

21/01/2025 14:32

* Forestar Group Inc  FOR.N  reported quarterly adjusted
earnings
of 32 cents​​ per share for the quarter ended December 31, lower
than the same quarter last year, when the company reported EPS
of 76 cents.  The mean expectation of three analysts for the
quarter was for earnings of 70 cents per share. Wall Street
expected results to range from 63 cents to 79 cents per share.
    * Revenue fell 18.1% to $250.40 million from a year ago;
analysts
expected $328.79 million. 
    * Forestar Group Inc's reported EPS for the quarter was 32
cents​.
    * The company reported quarterly net income of $16.5
million.
    * Forestar Group Inc shares had risen by 3.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 3 "strong buy" or
"buy," 1 "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
&
engineering peer group is  "buy."

Wall Street's median 12-month price target for Forestar Group
Inc is $39.00 
This summary was machine generated from LSEG data January 21 at
02:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.70           0.32           Missed
 Sep. 30 2024      1.31           1.60           Beat
 Jun. 30 2024      0.88           0.69           Missed
 Mar. 31 2024      0.72           0.89           Beat