Forestar Group Inc reports results for the quarter ended June 30 - Earnings Summary

• Forestar Group Inc FOR.N reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 69 cents. The mean expectation of five analysts for the quarter was for earnings of 74 cents per share. Wall Street expected results to range from 58 cents to 84 cents per share.

• Revenue rose 22.6% to $390.50 million from a year ago; analysts expected $390.58 million.

• Forestar Group Inc's reported EPS for the quarter was 65 cents​.

• The company reported quarterly net income of $32.9 million.

• Forestar Group Inc shares had risen by 10.4% this quarter and lost 14.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction & engineering peer group is also "buy"

• Wall Street's median 12-month price target for Forestar Group Inc is $28.50, about 22.5% above its last closing price of $22.08

This summary was machine generated from LSEG data July 22 at 01:31 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)