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

Forestar

24/01/2023 14:31

* Forestar Group Inc  FOR.N  reported quarterly adjusted
earnings
of 42 cents​​ per share for the quarter ended in December. The
mean expectation of four analysts for the quarter was
for earnings of 59 cents per share.
    * Revenue fell 46.8% to $216.70 million from a year ago;
analysts
expected $286.87 million. 
    * Forestar Group Inc's reported EPS for the quarter was 42
cents​.
    * The mean earnings estimate of analysts had risen by
about 5.5%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Forestar Group Inc shares had risen by 8.4% this quarter.
    * The company reported quarterly net income of $20.8
million.
    * Wall Street's median 12-month price target for Forestar
Group
Inc is $16.00 
    * 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." 

This summary was machine generated from Refinitiv data January
24 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.59           0.42           Missed
 Sep. 30 2022      0.48           1.02           Beat
 Jun. 30 2022      0.81           0.80           Missed
 Mar. 31 2022      0.73           1.02           Beat