The earnings call presented a mixed picture with strong revenue growth and an increase in lot sales and contracted backlog as highlights. However, there were declines in net income and gross profit margins, alongside increased SG&A expenses and a lowered lot delivery guidance. The positive and negative aspects are fairly balanced.

Company Guidance

During Forestar's third quarter 2025 earnings call, the company 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 23% increase in revenues to $390.5 million, alongside a net income of $32.9 million, or $0.65 per diluted share. Despite a year-over-year decrease in gross profit margin from 22.5% to 20.4%, largely due to a low-margin community closeout, lots sold increased by 11% to 3,605, with average sales prices influenced by the mix of higher price point lots. Forestar's liquidity stood strong at $792 million, with significant investments in land development and a notable contracted backlog of 25,700 lots promising $2.3 billion in future revenue. The company remains focused on maintaining a solid capital structure and leveraging its relationship with D.R. Horton, aiming to expand its share within their lot purchases while also growing its customer base.

Revenue Growth

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

Increased Lot Sales

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

High Contracted Backlog

Lots under contract to sale increased 26% from a year ago to 25,700 lots, representing $2.3 billion of future revenue, the highest contracted backlog in the last 5 years.

Strong Liquidity Position

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

Expansion into New Markets

Entered 7 new markets 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

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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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