Forestar For FY24 Expects To Deliver Between 14,500 Lots-15,500 Lots, Generating Revenue Of $1.4B-$1.5B Vs. Consensus Of $1.51B
Portfolio Pulse from Benzinga Newsdesk
Forestar Group Inc. expects to deliver between 14,500 and 15,500 lots in fiscal year 2024, generating revenue of $1.4 billion to $1.5 billion. This is slightly below the consensus estimate of $1.51 billion. The company plans to leverage its strong balance sheet and ample liquidity to invest in land development opportunities, aiming to gain significant market share in the coming years.
November 07, 2023 | 11:35 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Forestar's FY24 revenue forecast is slightly below consensus estimates, which may negatively impact investor sentiment. However, the company's plans for strategic investments in land development could potentially drive future growth.
Forestar's revenue forecast for FY24 is slightly below the consensus estimate, which could negatively impact the stock in the short term. However, the company's strategic plans for land development investments, backed by a strong balance sheet and ample liquidity, could potentially drive future growth and positively impact the stock in the long term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100