FOR Earnings Prediction
The chart below shows how FOR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FOR sees a -1.83% change in stock price 10 days leading up to the earnings, and a +4.37% change 10 days following the report. On the earnings day itself, the stock moves by -0.72%. This data can give you a slight idea of what to expect for the next quarter's release.
FOR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
305.90M
41.16%
-44.36%
Gross Margin
23.90%
9.03%
13.59%
Operating Margin
14.74%
29.87%
-9.24%
Net Margin
12.49%
30.10%
-5.16%
EPS
0.76
80.95%
-47.22%
No Data Available
FOR Earnings Analysis
Forestar Group Inc Corporation (FOR.N) Earnings Conference Call
Positive
Strong Demand for Finished Lots: Demand for finished lots remains solid with owned lots under contract doubling from a year ago, reaching the highest level since June 2020.
Lot Position Increase: Total lot position increased 29% from a year ago to 106,000 lots, with owned lots under contract rising 51% to 25,200 lots, indicating strong future revenue potential.
Land Investment Growth: Invested approximately $685 million in land and land development during Q1, a 50% increase from the prior year quarter, demonstrating commitment to growth.
Strong Liquidity Position: Ended the quarter with $645 million of liquidity, including $132 million in cash, providing a strong financial foundation for future investments.
Book Value Increase: Book value per share increased 13% from a year ago to $31.84, reflecting improved shareholder value and financial health.
Negative
Net Income Decline: Net income decreased to $16.5 million or $0.32 per diluted share, down from $38.2 million or $0.76 per diluted share in the prior year quarter, indicating a significant decline in profitability.
Pre-Tax Income Decline: Pre-tax income fell to $21.9 million compared to $51.2 million in the same quarter last year, reflecting a decrease in pre-tax profit margin from 16.7% to 8.7% due to reduced operating leverage.
Quarterly Revenue Decline: Revenues for the quarter totaled $250.4 million, a decline from $305.9 million in the prior year quarter, highlighting a substantial drop in sales performance.
SG&A Expense Increase: SG&A expenses increased by 29% year-over-year to $36 million, with SG&A as a percentage of revenues rising from 9.2% to 14.4%, primarily due to a decrease in lot deliveries.
Gross Profit Margin Decline: Gross profit margin decreased to 22% from 23.8% in the prior year quarter, with the previous year's margin positively impacted by high-margin lot sales from a legacy community.
FOR FAQs
How does FOR typically perform around its earnings report dates?
Is Earnings call transcript: Forestar Q1 2024 misses estimates, stock falls positive or negative?
How can historical earnings data help predict future stock performance?
FOR Earning Call Sentiment
Earnings call transcript: Forestar Q1 2024 misses estimates, stock falls
FOR.N
-2.31%Positive
The earnings call reveals mixed signals: strong demand and increased lot positions are offset by declining revenue, net income, and profit margins. The Q&A indicates stable development costs and strong builder demand, but lacks clear guidance on cost leverage improvements. The market cap suggests moderate volatility. Overall, the sentiment is neutral, with no major catalysts to drive a significant stock price change in the near term.
