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Why Forestar Group Stock Is Down Today
FORForestar (FOR) The Motley Fool·2024-07-18 16:16

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 0.76pershareonrevenueof0.76 per share on revenue of 318.4 million in its fiscal third quarter ending June 30, shy of the 0.88pershareinearningsonsalesof0.88 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 ...