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

Forestar

18/04/2024 14:31

* Forestar Group Inc  FOR.N  reported quarterly adjusted
earnings
of 89 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 54 cents.  The mean expectation of four analysts for the
quarter was for earnings of 72 cents per share. Wall Street
expected results to range from 48 cents to 85 cents per share.
    * Revenue rose 10.7% to $333.80 million from a year ago;
analysts
expected $325.91 million. 
    * Forestar Group Inc's reported EPS for the quarter was 89
cents​.
    * The company reported quarterly net income of $45 million.
    * Forestar Group Inc shares had fallen by 15.0% this
quarter and
gained 3.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
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." 
    * Wall Street's median 12-month price target for Forestar
Group
Inc is $41.00 

This summary was machine generated from LSEG data April 18 at
01:30 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
 Mar. 31 2024      0.72           0.89           Beat
 Dec. 31 2023      0.50           0.76           Beat
 Sep. 30 2023      0.94           1.45           Beat
 Jun. 30 2023      0.55           0.93           Beat