Forestar Group reports Q4 EPS $1.60, consensus $1.31

Reports Q4 revenue $551.4M, consensus $503.76M. Donald Tomnitz, Chairman of the Board, said, “The Forestar team finished the year with a strong fourth quarter, demonstrating the resiliency of the new home market and builder demand despite elevated mortgage interest rates. We delivered over 15,000 finished lots in fiscal 2024, and our revenues exceeded the high end of our most recent guidance range.”