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

Forestar

23/01/2024 14:31

* Forestar Group Inc  FOR.N  reported quarterly adjusted
earnings
of 76 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 42 cents.  The mean expectation of four analysts
for the quarter was for earnings of 50 cents per share. Wall
Street expected results to range from 37 cents to 56 cents per
share.
    * Revenue rose 41.2% to $305.90 million from a year ago;
analysts
expected $272.37 million. 
    * Forestar Group Inc's reported EPS for the quarter was 76
cents​.
    * The company reported quarterly net income of $38.2
million.
    * Forestar Group Inc shares had risen by 5.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.5%
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." 
    * Wall Street's median 12-month price target for Forestar
Group
Inc is $39.50 

This summary was machine generated from LSEG data January 23 at
02:30 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 2023      0.50           0.76           Beat
 Sep. 30 2023      0.94           1.45           Beat
 Jun. 30 2023      0.55           0.93           Beat
 Mar. 31 2023      0.34           0.54           Beat