Forestar Group For Fiscal 2024 Expects To Generate Revenue Of $1.4B-$1.5B Vs. $1.505B Consensus And Deliver Between 14,600-15,100 Lots
Portfolio Pulse from Benzinga Newsdesk
Forestar Group (FOR) has provided its fiscal 2024 revenue guidance, expecting to generate between $1.4 billion and $1.5 billion, slightly below the consensus of $1.505 billion. The company also anticipates delivering between 14,600 and 15,100 lots, adjusting its previous guidance of 14,500 to 15,500 lots.
July 18, 2024 | 10:37 am
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Forestar Group has adjusted its fiscal 2024 revenue guidance to $1.4 billion-$1.5 billion, slightly below the consensus estimate of $1.505 billion. The company also revised its lot delivery guidance to 14,600-15,100 lots.
The revenue guidance is slightly below the consensus estimate, which may cause a neutral to slightly negative reaction in the short term. However, the company's positioning to take advantage of the shortage of finished lots could mitigate negative impacts.
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