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

Forestar

09/11/2022 22:01

* Forestar Group Inc  FOR.N  reported quarterly adjusted
earnings
of $1.02​​ per share for the quarter ended in September. The
mean expectation of four analysts for the quarter was
for earnings of 48 cents per share.
    * Revenue fell 8.9% to $381.40 million from a year ago;
analysts
expected $289.77 million. 
    * Forestar Group Inc's reported EPS for the quarter was
$1.02​.
    * The mean earnings estimate of analysts had fallen by
about 6.3%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Forestar Group Inc shares had risen by 3.7% this
quarter and
lost 46.7% so far this year.
    * The company reported quarterly net income of $50.8
million.
    * Wall Street's median 12-month price target for Forestar
Group
Inc is $17.00 
    * 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 Refinitiv data November
9 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.48           1.02           Beat
 Jun. 30 2022      0.81           0.80           Missed
 Mar. 31 2022      0.73           1.02           Beat
 Dec. 31 2021      0.67           0.81           Beat