Streetbeat News

FOR

Forestar Group Inc.

https://www.forestar.com

Industry

Real Estate - Development

Forestar Group Inc. operates as a residential lot development company in the United States. The acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to homebuilders. The company is headquartered in Arlington, Texas. Forestar Group Inc. is a subsidiary of D.R. Horton, Inc.

Open

32.26

Mkt cap

1.6B

Volume

123K

High

32.41

P/E Ratio

7.80

52-wk high

40.92

Low

31.13

Div yield

N/A

52-wk low

27.49

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.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:32 am

Citigroup analyst Anthony Pettinari maintains a Buy rating on Forestar Group (NYSE:FOR) but lowers the price target from $46 to $43.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 6:29 pm

Citigroup analyst Anthony Pettinari maintains a Buy rating on Forestar Group (NYSE:FOR) and raises the price target from $44 to $46.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 6:11 pm

Forestar Group's shares are trading lower following the announcement of their Q2 2024 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:37 pm

Earnings reports for April 18, 2024, include a wide range of companies across various sectors. Notable mentions include Nokia, Taiwan Semiconductor, and Netflix, with expectations of earnings per share at $0.06, $1.31, and $4.50 respectively. Other companies like Alaska Air Gr and Ally Financial are also set to report, indicating a diverse earnings day across technology, finance, and consumer sectors.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 12:10 pm

Forestar Group (NYSE:FOR) reported Q2 2024 earnings of $0.89 per share, surpassing the consensus estimate of $0.81. Sales reached $333.800M, exceeding estimates of $325.913M and marking a 10.71% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 10:49 am

As of April 4, 2024, three real estate stocks, Forestar Group Inc. (FOR), Healthpeak Properties, Inc. (DOC), and Comstock Holding Companies, Inc. (CHCI), are considered overbought with RSI values above 70, indicating potential short-term performance concerns. FOR and CHCI recently reported strong financial results, while DOC received an upgrade from B of A Securities.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 10:49 am

Benzinga Insights identifies notable value stocks in the real estate sector based on P/E ratios and recent earnings performance. Transcontinental Realty, Forestar Group, AFC Gamma, Chicago Atlantic Real, and American Realty Investors are highlighted for their value potential. Transcontinental Realty and American Realty Investors reported increases in EPS, while Forestar Group saw a decrease. AFC Gamma remains stable with a significant dividend yield increase, and Chicago Atlantic Real also reported a slight EPS increase.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 2:39 pm

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.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:11 am

Earnings reports for January 23, 2024, are scheduled for a wide range of companies across various sectors. Notable companies reporting before the bell include Lockheed Martin, Procter & Gamble, Johnson & Johnson, and General Electric, with expectations of earnings per share (EPS) ranging from $0.40 to $7.26. After the bell, companies such as Netflix, Texas Instruments, and Intuitive Surgical are expected to report, with EPS estimates ranging from a loss of $0.04 to a profit of $2.66. The revenue forecasts for these companies vary significantly, from as low as $16.70 million to as high as $34.58 billion.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 10:03 am

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