The earnings call reflects a mixed sentiment with notable revenue growth and increased lots sold, but challenges include a decline in net income, lower gross profit margin, and increased SG&A expenses. Despite these challenges, the company maintains strong liquidity and financial position, and is expanding into new markets.

Company Guidance -

Q4 2025

During Forestar's Third Quarter 2025 Earnings Call, the company provided detailed guidance and financial metrics, highlighting a solid performance despite market challenges. Forestar maintained its fiscal 2025 revenue guidance at $1.5 billion to $1.55 billion but adjusted its lot delivery guidance to 14,500 to 15,000 lots due to current market conditions. The quarter saw a net income of $32.9 million or $0.65 per diluted share, with revenues up 23% year-over-year to $390.5 million. The gross profit margin was 20.4%, impacted by a low-margin community closeout, but excluding this, the margin would have been 21.1%. Forestar's lot sales increased 11% year-over-year, with an average sales price of $106,600, and lots under contract rose 26% to 25,700. The company invested $372 million in land and development during the quarter, maintaining liquidity with $792 million, including $189 million in unrestricted cash. Forestar emphasized its strategic focus on developing entry-level lots and strengthening its relationship with D.R. Horton, where it aims to provide one-third of the homebuilder's lot needs.

Revenue Increase

Revenues for the third quarter increased 23% to $390.5 million compared to $318.4 million in the prior year quarter.

Lots Sold Growth

Lots sold increased 11% year-over-year and 6% sequentially to 3,605 lots.

Increase in Lots Under Contract

Lots under contract to sale increased 26% from a year ago to 25,700 lots, representing $2.3 billion of future revenue.

Strong Liquidity and Financial Position

Ended the quarter with $792 million of liquidity, including $189 million in cash and $603 million in available credit.

Increase in Book Value per Share

Book value per share increased 11% from a year ago to $33.04.

Expansion into New Markets

Entered 7 new markets alongside D.R. Horton's footprint and increased community count by 16% in the last year.

Forestar Group (FOR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

FOR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q4)	1.26 / -	1.6	―	―	―
Jul 22, 2025	2025 (Q3)	0.71 / 0.65	0.76	-14.47% (-0.11)
Apr 17, 2025	2025 (Q2)	0.73 / 0.62	0.89	-30.34% (-0.27)
Jan 21, 2025	2025 (Q1)	0.70 / 0.32	0.76	-57.89% (-0.44)
Oct 29, 2024	2024 (Q4)	1.31 / 1.60	1.44	11.11% (+0.16)
Jul 18, 2024	2024 (Q3)	0.90 / 0.76	0.93	-18.28% (-0.17)
Apr 18, 2024	2024 (Q2)	0.72 / 0.89	0.54	64.81% (+0.35)
Jan 23, 2024	2024 (Q1)	0.50 / 0.76	0.42	80.95% (+0.34)
Nov 07, 2023	2023 (Q4)	0.94 / 1.44	1.02	41.18% (+0.42)
Jul 20, 2023	2023 (Q3)	0.56 / 0.93	0.8	16.25% (+0.13)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FOR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	$22.08	$23.89	+8.20%
Apr 17, 2025	$19.04	$18.93	-0.58%
Jan 21, 2025	$26.79	$24.27	-9.41%
Oct 29, 2024	$31.82	$31.75	-0.22%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Forestar Group Inc (FOR) report earnings?

Forestar Group Inc (FOR) is schdueled to report earning on Oct 28, 2025, Before Open (Confirmed).

What is Forestar Group Inc (FOR) earnings time?

Forestar Group Inc (FOR) earnings time is at Oct 28, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is FOR EPS forecast?

FOR EPS forecast for the fiscal quarter 2025 (Q4) is 1.26.

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