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

Forestar

20/07/2023 14:32

* Forestar Group Inc  FOR.N  reported quarterly adjusted
earnings
of 93 cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
55 cents per share.
    * Revenue rose 19.6% to $368.90 million from a year ago;
analysts
expected $287.50 million. 
    * Forestar Group Inc's reported EPS for the quarter was 93
cents​.
    * The mean earnings estimate of analysts had risen by
about 39.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Forestar Group Inc shares had risen by 6.0% this
quarter and
gained 55.2% so far this year.
    * The company reported quarterly net income of $46.8
million.
    * Wall Street's median 12-month price target for Forestar
Group
Inc is $25.00 
    * 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 LSEG Refinitiv data July
20 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.55           0.93           Beat
 Mar. 31 2023      0.34           0.54           Beat
 Dec. 31 2022      0.59           0.42           Missed
 Sep. 30 2022      0.48           1.02           Beat