Forestar Group (FOR) to Announce Q1 Earnings on January 20, EPS Estimate at $0.30
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Earnings Announcement: Forestar Group is set to release its Q1 2023 earnings on January 20 before market open, with a consensus EPS estimate of $0.30, reflecting a 6.3% year-over-year decline, which may impact investor confidence in the company's profitability.
- Revenue Expectations: The anticipated revenue for Q1 is $265.48 million, representing a 6.0% year-over-year increase, indicating the company's sustained growth potential in land development despite market challenges.
- Historical Performance: Over the past two years, Forestar has beaten EPS and revenue estimates 75% of the time, demonstrating financial stability and market adaptability, which could enhance investor trust.
- Estimate Revisions: In the last three months, both EPS and revenue estimates have seen one upward revision, reflecting analysts' cautious optimism regarding the company's future performance, potentially influencing short-term market reactions.
Analyst Views on FOR
Wall Street analysts forecast FOR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FOR is 32.00 USD with a low forecast of 25.00 USD and a high forecast of 36.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 27.910
Low
25.00
Averages
32.00
High
36.00
Current: 27.910
Low
25.00
Averages
32.00
High
36.00
About FOR
Forestar Group Inc. is a residential lot development company, which is focused on making investments in land acquisition and development to sell finished single-family residential lots to homebuilders. It manages its operations through its real estate segment. Its real estate segment conducts a wide range of project planning and management activities related to the entitlement, acquisition, community development and sale of residential lots. It primarily invests in entitled short-duration projects that can be developed in phases, enables to complete and sell lots at a pace that matches market demand. The Company has diversified its lot development operations across 62 markets in 24 states. Its customers are primarily local, regional and national homebuilders.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
