Forestar Group Q3 2024 GAAP EPS $0.76 Misses $0.93 Estimate, Sales $318.400M Miss $379.202M Estimate
Portfolio Pulse from Benzinga Newsdesk
Forestar Group (NYSE:FOR) reported Q3 2024 earnings per share (EPS) of $0.76, missing the analyst consensus estimate of $0.93 by 18.28%. The company also reported quarterly sales of $318.4 million, which missed the estimate of $379.202 million by 16.03%. Both EPS and sales figures represent declines from the same period last year.
July 18, 2024 | 10:32 am
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NEGATIVE IMPACT
Forestar Group reported Q3 2024 EPS of $0.76, missing the $0.93 estimate by 18.28%. Sales of $318.4M also missed the $379.2M estimate by 16.03%. Both metrics are down from last year.
Forestar Group's Q3 2024 earnings and sales both missed analyst estimates significantly, and both metrics are down from the same period last year. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100