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

Forestar

20/04/2023 14:31

* Forestar Group Inc  FOR.N  reported quarterly adjusted
earnings
of 54 cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
34 cents per share.
    * Revenue fell 28.5% to $301.50 million from a year ago;
analysts
expected $215.00 million. 
    * Forestar Group Inc's reported EPS for the quarter was 54
cents​.
    * The mean earnings estimate of analysts had fallen by
about 44.7%
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 fallen by 0.3% this
quarter and
gained 0.6% so far this year.
    * The company reported quarterly net income of $26.9
million.
    * Wall Street's median 12-month price target for Forestar
Group
Inc is $18.00 
    * 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
April 20 at 01:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.34           0.54           Beat
 Dec. 31 2022      0.59           0.42           Missed
 Sep. 30 2022      0.48           1.02           Beat
 Jun. 30 2022      0.81           0.80           Missed