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Forestar Group Inc (FOR)
NYSE:FOR
Holding FOR?
Track your performance easily
Earnings Data
Report Date
Jan 21, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.82Last Year’s EPS
0.89Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -10.64%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant investments and market expansion efforts being overshadowed by decreased financial metrics and increased expenses. Despite strong commitments to growth and market acquisition, challenges in profitability and operational efficiency were highlighted.Company Guidance
During Forestar's Q1 2025 earnings call, the company provided robust guidance, highlighting plans to deliver between 16,000 and 16,500 lots, with expected revenue ranging from $1.6 billion to $1.65 billion for fiscal 2025. The first quarter, generating $250.4 million in revenue from the sale of 2,333 lots, is anticipated to be the lowest delivery quarter of the year, with increased activity expected in the second half. Forestar invested approximately $685 million in land and land development during the quarter, a 50% increase from the previous year, with a plan to invest around $2 billion in the fiscal year, subject to market conditions. The company's lot position grew by 29% year-over-year to 106,000 lots, while owned lots under contract increased by 51% to 25,200 lots. Forestar aims to double its market share to 5% over the intermediate term, leveraging its strong financial and operational position to capitalize on builder demand for finished lots.Doubling of Owned Lots Under Contract
The percentage of owned lots under contract has doubled from a year ago, reaching the highest level since June 2020, indicating strong demand and successful contract negotiations.
Significant Investments in Land Acquisition
The company invested approximately $685 million in land acquisition and development, marking a 50% increase from the prior year quarter, showcasing a strong commitment to future growth.
Increase in Lot Position
Total lot position increased 29% from a year ago to 106,000 lots, reflecting strategic growth and an enhanced market presence.
Corporate Credit Rating Upgrade
Forestar received an upgrade to its corporate credit rating from S&P, from B+ to BB-, which strengthens its financial standing and credibility.
Expansion in New Markets
Forestar continues to expand its operating platform by entering new markets and increasing community count by 25% compared to the previous year.
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FOR Earnings History
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
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FOR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 21, 2025 | $26.79 | $24.27 | -9.41% |
| Oct 29, 2024 | $31.82 | $31.75 | -0.22% |
| Jul 18, 2024 | $36.00 | $31.24 | -13.22% |
| Apr 18, 2024 | $34.16 | $31.30 | -8.37% |
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.
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FAQ
When does Forestar Group Inc (FOR) report earnings?
Forestar Group Inc (FOR) is schdueled to report earning on Jan 21, 2025, TBA Not Confirmed.
What is Forestar Group Inc (FOR) earnings time?
Forestar Group Inc (FOR) earnings time is at Jan 21, 2025, TBA Not 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 (Q2) is 0.82.
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