Forestar Group Q2 Earnings Analysis
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2026
0mins
Source: Yahoo Finance
- Revenue Growth: Forestar Group reported Q2 revenues of $374.3 million, reflecting a 6.6% year-over-year increase, which met analysts' expectations but indicates mixed performance amid market concerns about future growth.
- Profit Performance: While Forestar slightly exceeded analysts' adjusted operating income estimates, it missed EBITDA expectations, highlighting challenges in profitability under the current economic conditions.
- Liquidity Status: The company's liquidity rose to $1.0 billion, driven by financial discipline, despite ongoing affordability constraints and cautious consumer sentiment impacting new home sales, demonstrating resilience in adversity.
- Stock Price Reaction: Following the earnings report, Forestar's stock has declined by 4.8%, currently trading at $25.20, reflecting market disappointment regarding its future guidance.
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Analyst Views on FOR
Wall Street analysts forecast FOR stock price to rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 27.530
Low
26.00
Averages
32.00
High
38.00
Current: 27.530
Low
26.00
Averages
32.00
High
38.00
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.
Forestar Group Q2 Earnings Analysis
- Revenue Growth: Forestar Group reported Q2 revenues of $374.3 million, reflecting a 6.6% year-over-year increase, which met analysts' expectations but indicates mixed performance amid market concerns about future growth.
- Profit Performance: While Forestar slightly exceeded analysts' adjusted operating income estimates, it missed EBITDA expectations, highlighting challenges in profitability under the current economic conditions.
- Liquidity Status: The company's liquidity rose to $1.0 billion, driven by financial discipline, despite ongoing affordability constraints and cautious consumer sentiment impacting new home sales, demonstrating resilience in adversity.
- Stock Price Reaction: Following the earnings report, Forestar's stock has declined by 4.8%, currently trading at $25.20, reflecting market disappointment regarding its future guidance.
See More
Forestar Group to Release Q3 2026 Financial Results
- Earnings Release Schedule: Forestar Group will announce its financial results for Q3 2026 on July 21, 2026, before market open, demonstrating the company's commitment to financial transparency.
- Conference Call Details: The company will host a conference call at 11:00 a.m. ET on the same day, encouraging participants to dial in by 10:55 a.m. to ensure timely engagement, reflecting the company's focus on investor communication.
- Replay Availability: A replay of the conference call will be available after 3:00 p.m. ET on July 21, lasting until July 28, allowing investors who cannot attend live to access critical information, enhancing information accessibility.
- Company Background: Forestar Group operates in 64 markets across 24 states and delivered over 13,300 residential lots in the twelve months ending March 31, 2026, showcasing its strong performance in the residential development sector.
See More
Forestar Reports Increased Q2 Earnings Amid Revenue Growth
- Earnings Growth: Forestar Group reported net earnings of $32.1 million for Q2, translating to $0.63 per share, which is an increase from $31.6 million and $0.62 per share last year, indicating steady improvement in profitability.
- Revenue Increase: The company achieved quarterly revenue of $374.3 million, up from $351.0 million a year ago, reflecting strong market demand and effective sales strategies.
- Lot Position: As of Q2, Forestar's lot position stood at 94,400 lots, with 63,500 owned and 30,900 controlled through purchase contracts, showcasing the company's robust land development capabilities.
- Future Guidance: The company updated its lot delivery guidance for fiscal 2026 to between 14,000 and 14,500 lots while maintaining revenue guidance of $1.6 billion to $1.7 billion, demonstrating confidence in future market conditions.
See More
Forestar Group Q2 Earnings Highlights
- Earnings Performance: Forestar Group reported Q2 GAAP EPS of $0.63, aligning with expectations, while revenue reached $374.3 million, reflecting a 6.6% year-over-year increase and exceeding estimates by $0.65 million, indicating stable market performance.
- Land Control Status: The company currently owns and controls 94,400 lots, with 24,100 lots contracted for sale, representing an anticipated future revenue of $2.2 billion, showcasing strong demand and sales potential in the real estate market.
- Financial Health: Forestar Group maintains total liquidity of $1.0 billion and a net debt to total capital ratio of 19.2%, demonstrating robust financial management that supports future expansion and investment opportunities.
- Shareholder Returns: For the twelve months ending March 31, 2026, the company achieved a return on equity of 9.6%, with book value per share increasing by 10% to $35.66, reflecting strong shareholder returns and ongoing value creation.
See More
FORESTAR Q2 REVENUE REACHES USD 374.3 MILLION, EXCEEDING IBES ESTIMATE OF USD 373.6 MILLION
- ForestAR Q2 Revenue: ForestAR reported a revenue of USD 374.3 million for the second quarter.
- Comparison with Estimates: This figure exceeds the Ibes estimate, which was USD 373.6 million.
See More
FORESTAR REPORTS USD 32.2 MILLION NET INCOME FOR Q2
- Financial Performance: Forestar reported a net income of USD 32.2 million for the second quarter.
- Quarterly Results: The financial results indicate a strong performance compared to previous quarters.
See More
Forestar Group Q2 Earnings Analysis
- Revenue Growth: Forestar Group reported Q2 revenues of $374.3 million, reflecting a 6.6% year-over-year increase, which met analysts' expectations but indicates mixed performance amid market concerns about future growth.
- Profit Performance: While Forestar slightly exceeded analysts' adjusted operating income estimates, it missed EBITDA expectations, highlighting challenges in profitability under the current economic conditions.
- Liquidity Status: The company's liquidity rose to $1.0 billion, driven by financial discipline, despite ongoing affordability constraints and cautious consumer sentiment impacting new home sales, demonstrating resilience in adversity.
- Stock Price Reaction: Following the earnings report, Forestar's stock has declined by 4.8%, currently trading at $25.20, reflecting market disappointment regarding its future guidance.
See More
Forestar Group to Release Q3 2026 Financial Results
- Earnings Release Schedule: Forestar Group will announce its financial results for Q3 2026 on July 21, 2026, before market open, demonstrating the company's commitment to financial transparency.
- Conference Call Details: The company will host a conference call at 11:00 a.m. ET on the same day, encouraging participants to dial in by 10:55 a.m. to ensure timely engagement, reflecting the company's focus on investor communication.
- Replay Availability: A replay of the conference call will be available after 3:00 p.m. ET on July 21, lasting until July 28, allowing investors who cannot attend live to access critical information, enhancing information accessibility.
- Company Background: Forestar Group operates in 64 markets across 24 states and delivered over 13,300 residential lots in the twelve months ending March 31, 2026, showcasing its strong performance in the residential development sector.
See More
Forestar Reports Increased Q2 Earnings Amid Revenue Growth
- Earnings Growth: Forestar Group reported net earnings of $32.1 million for Q2, translating to $0.63 per share, which is an increase from $31.6 million and $0.62 per share last year, indicating steady improvement in profitability.
- Revenue Increase: The company achieved quarterly revenue of $374.3 million, up from $351.0 million a year ago, reflecting strong market demand and effective sales strategies.
- Lot Position: As of Q2, Forestar's lot position stood at 94,400 lots, with 63,500 owned and 30,900 controlled through purchase contracts, showcasing the company's robust land development capabilities.
- Future Guidance: The company updated its lot delivery guidance for fiscal 2026 to between 14,000 and 14,500 lots while maintaining revenue guidance of $1.6 billion to $1.7 billion, demonstrating confidence in future market conditions.
See More
Forestar Group Q2 Earnings Highlights
- Earnings Performance: Forestar Group reported Q2 GAAP EPS of $0.63, aligning with expectations, while revenue reached $374.3 million, reflecting a 6.6% year-over-year increase and exceeding estimates by $0.65 million, indicating stable market performance.
- Land Control Status: The company currently owns and controls 94,400 lots, with 24,100 lots contracted for sale, representing an anticipated future revenue of $2.2 billion, showcasing strong demand and sales potential in the real estate market.
- Financial Health: Forestar Group maintains total liquidity of $1.0 billion and a net debt to total capital ratio of 19.2%, demonstrating robust financial management that supports future expansion and investment opportunities.
- Shareholder Returns: For the twelve months ending March 31, 2026, the company achieved a return on equity of 9.6%, with book value per share increasing by 10% to $35.66, reflecting strong shareholder returns and ongoing value creation.
See More
FORESTAR Q2 REVENUE REACHES USD 374.3 MILLION, EXCEEDING IBES ESTIMATE OF USD 373.6 MILLION
- ForestAR Q2 Revenue: ForestAR reported a revenue of USD 374.3 million for the second quarter.
- Comparison with Estimates: This figure exceeds the Ibes estimate, which was USD 373.6 million.
See More
FORESTAR REPORTS USD 32.2 MILLION NET INCOME FOR Q2
- Financial Performance: Forestar reported a net income of USD 32.2 million for the second quarter.
- Quarterly Results: The financial results indicate a strong performance compared to previous quarters.
See More
