Forestar gains on annual sales forecast hike

Shares of residential lot developer Forestar Group FOR.N rise about 7% at $27.86 in early trading

Co raises annual revenue forecast to $1.6 billion to $1.7 billion from prior target of $1.5 billion to $1.55 billion

Reports Q4 revenue of $670.5 million vs analyst estimate of $556.6 million, as per data compiled by LSEG

Q4 net income up 7% to $87 million, or $1.70 per diluted share year-over-year

Sees finished lots delivery between 14,000 and 15,000 for fiscal 2026 vs 14,200 in fiscal 2025

"Demand for finished lots is solid despite the continued impact of ongoing affordability constraints and cautious consumer sentiment on new home demand," says Chairman Donald Tomnitz

As of last close, stock up 0.54% YTD