Earnings fall short as the housing market slows. Wall Street is taking note, sending Forestar shares down 15% as of 11:15 a.m. ET. Forestar earned $0.76 per share on revenue of $318.4 million in its fiscal third quarter ending June 30, shy of the $0.88 per share in earnings on sales of $380 million that analysts had expected. The company sold 3,255 lots in the quarter, including 352 sold to customers other than D.R. Horton. That total was down 15% year over year. Is Forestar a buy? The company has a contrac ...

This quarterly report represents an earnings surprise of -14.61%. A quarter ago, it was expected that this real estate and natural resources developer would post earnings of $0.84 per share when it actually produced earnings of $0.89, delivering a surprise of 5.95%. Forestar Group, which belongs to the Zacks Real Estate - Development industry, posted revenues of $318.4 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 14.06%. This compares to year-ago revenues of $368.9 millio ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From To Commission File Number: 001-33662 FORESTAR GROUP INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 26-1336998 (State or ...

The Zacks Real Estate – Development industry is likely to face challenges due to the current high interest rates and stringent credit conditions, with investors continuing to delay the timeline of their transactions in anticipation of better price discovery. Supply chain constraints, macroeconomic uncertainty and geopolitical tensions are projected to inflate material expenses, consequently impeding the speed of new project completions.However, recovery in demand for certain real-estate property types and a ...

The company easily topped analyst estimates in its fiscal second quarter, but its immediate future might not be so rosy.The stock of Forestar Group (FOR 0.99%), a publicly traded subsidiary of big home builder D.R. Horton that concentrates on developing real estate lots, hasn't built much wealth for investors in recent days.According to data compiled by S&P Global Market Intelligence, Forestar's share price was down by nearly 17% week to date as of early Friday morning. It seems the market wasn't impressed ...

Forestar Group Inc. (NYSE:FOR) Q2 2024 Earnings Conference Call April 18, 2024 5:00 PM ET Company Participants Katie Smith - Director of Finance and Investor Relations Andy Oxley - President and Chief Executive Officer Jim Allen - Chief Financial Officer Mark Walker - Chief Operating Officer Conference Call Participants Carl Reichardt - BTIG Anthony Pettinari - Citi Mike Rehaut - JPMorgan Operator Good afternoon, and welcome to Forestar's Second Quarter 2024 Earnings Conference Call. At this time, all parti ...

Financial Results The Company will host a conference call today (Thursday, April 18) at 5:00 p.m. Eastern Time. The dial-in number is 888-506-0062, the entry code is 585201 and the call will also be webcast from the Company's website at investor.forestar.com. (1) Excludes any impact from change in contract liabilities. Exhibit 99.1 Capital Structure, Leverage and Liquidity | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------- ...

Forestar Group (FOR) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.95%. A quarter ago, it was expected that this real estate and natural resources developer would post earnings of $0.56 per share when it actually produced earnings of $0.76, delivering a surprise of 35.71%.Over the ...

ARLINGTON, Texas--(BUSINESS WIRE)--Forestar Group Inc. (NYSE: FOR) announced today that the Company will release financial results for its second quarter ended March 31, 2024 on Thursday, April 18, 2024 before the market opens. The Company will host a conference call that afternoon at 5:00 p.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 585201. Participants are encouraged to call in five minutes before the call begins (4:55 p.m. ET). The call will also ...

Forestar Group (FOR) shares rallied 6.1% in the last trading session to close at $37.07. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.4% gain over the past four weeks.The increased investor optimism in the stock can be attributed to the favorable operating environment.This real estate and natural resources developer is expected to post quarterly earnings of $0.84 per share in its upcoming report, which ...