Forestar Group Inc (FOR)
NYSE:FOR
Want to see FOR full AI Analyst Report?
Earnings Data
Report Date
Jul 21, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.79Last Year’s EPS
0.65Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented solid operational and financial progress: revenues (+7%), pre-tax income (+8%), increased book value per share (+10%), strong liquidity (> $1 billion), and healthy backlog (~$2.2 billion). Management maintained revenue guidance and raised lot delivery cadence expectations, while exercising capital discipline and committing to significant land/development investment. Lowlights included a modest decline in gross margin (impacted by $6.3M of option/write-off charges), only modest net income growth (+2%), and continued industry headwinds from affordability and variable builder demand. Overall the positives (top-line growth, balance sheet strength, backlog, and guidance) materially outweigh the negatives, suggesting confidence in near- to medium-term execution despite some margin and demand cadence risks.Company Guidance
Revenue Growth
Total revenues of $374.3 million in Q2 FY2026, a 7% increase versus $351.0 million in the prior-year quarter.
Pre-Tax Income and Profitability
Pre-tax income increased 8% year-over-year to $43.9 million (vs. $40.7 million prior-year); pre-tax profit margin improved slightly to 11.7% from 11.6%.
Net Income and EPS
Net income attributable to Forestar increased 2% to $32.1 million, delivering diluted EPS of $0.63 versus $0.62 in the prior-year quarter.
Strong Balance Sheet and Liquidity
More than $1.0 billion of liquidity at quarter-end, including $362 million unrestricted cash and $672 million available on the revolver (revolver capacity increased by $50 million). Total debt $793.5 million; net debt-to-capital 19.2%; no senior note maturities in the next 12 months.
Book Value and Shareholder Equity
Book value per share increased 10% year-over-year to $35.66; stockholders' equity of $1.8 billion at quarter-end.
Backlog and Future Revenue Visibility
Contracted backlog provides visibility toward approximately $2.2 billion of future revenue, with $209 million of hard earnest money deposits securing contracts.
Lot Sales and Operational Scale
Sold 2,938 lots in the quarter with an average sales price of $112,800; total lot position of 94,400 lots (63,500 owned, 30,900 controlled). 9,300 owned lots finished and majority under contract.
Cost Discipline and SG&A Management
SG&A declined 1% to $37.9 million and fell to 10.1% of revenues (from 10.9% prior-year); headcount reduced 8% year-over-year while maintaining operational coverage.
Maintained Revenue Guidance and Updated Lot Guidance
Revenue guidance maintained at $1.6 billion to $1.7 billion for fiscal 2026; lot delivery guidance updated to 14,000–14,500 lots, signaling confidence in returning to higher volumes.
Capital Deployment and Growth Investment
Invested approximately $279 million in land and land development during the quarter (~80% development, ~20% acquisition); company expects roughly $1.4 billion in FY2026 land acquisition and development investment (market dependent).
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
FOR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 21, 2026 | $26.46 | $26.74 | +1.06% |
Jan 20, 2026 | $27.40 | $26.02 | -5.04% |
Oct 28, 2025 | $26.06 | $27.96 | +7.29% |
Jul 22, 2025 | $22.08 | $23.89 | +8.20% |
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 Jul 21, 2026, Before Open (Confirmed).
What is Forestar Group Inc (FOR) earnings time?
Forestar Group Inc (FOR) earnings time is at Jul 21, 2026, 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 2026 (Q3) is 0.79.