Forestar Group Inc reports results for the quarter ended December 31 - Earnings Summary

• Forestar Group Inc FOR.N reported quarterly adjusted earnings of 32 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 76 cents. The mean expectation of three analysts for the quarter was for earnings of 70 cents per share. Wall Street expected results to range from 63 cents to 79 cents per share.

• Revenue fell 18.1% to $250.40 million from a year ago; analysts expected $328.79 million.

• Forestar Group Inc's reported EPS for the quarter was 32 cents​.

• The company reported quarterly net income of $16.5 million.

• Forestar Group Inc shares had risen by 3.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the construction & engineering peer group is "buy."

Wall Street's median 12-month price target for Forestar Group Inc is $39.00

This summary was machine generated from LSEG data January 21 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)