Forestar Group Q1 EPS $0.76 Beats $0.50 Estimate, Sales $305.90M Beat $272.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
Forestar Group (NYSE:FOR) reported Q1 earnings of $0.76 per share, surpassing the consensus estimate of $0.50 by 52%. Year-over-year, earnings rose by 80.95% from $0.42 per share. Quarterly sales reached $305.90M, exceeding estimates by 12.31% and marking a 41.16% increase from the previous year's $216.70M.

January 23, 2024 | 11:11 am
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POSITIVE IMPACT
Forestar Group reported strong Q1 earnings and sales, significantly beating analyst estimates with substantial year-over-year growth.
Forestar Group's significant beat on both earnings per share and sales compared to analyst estimates is likely to instill investor confidence and could lead to a positive short-term impact on the stock price. The substantial year-over-year growth in earnings and sales further underscores the company's strong performance, making it an attractive prospect for investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100