Forestar Group Inc reports results for the quarter ended in January 1 - Earnings Summary

Forestar

29/10/2024 14:18

* Forestar Group Inc  FOR.N  reported quarterly adjusted
earnings
of $1.60​​ per share for the quarter ended January 1, higher
than the same quarter last year, when the company reported EPS
of $1.45.  The mean expectation of four analysts for the quarter
was for earnings of $1.31 per share. Wall Street expected
results to range from $1.25  to $1.39 per share.
    * Revenue rose 0.3% to $551.40 million from a year ago;
analysts
expected $503.76 million. 
    * Forestar Group Inc's reported EPS for the quarter was
$1.60​.
    * The company reported quarterly net income of $81.6
million.
    * Forestar Group Inc shares had fallen by 1.7% this
quarter and
lost 3.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 October 29 at
02:18 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
 Sep. 30 2024      1.31           1.60           Beat
 Jun. 30 2024      0.88           0.69           Missed
 Mar. 31 2024      0.72           0.89           Beat
 Dec. 31 2023      0.50           0.76           Beat