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Forestar Group Inc (FOR)
NYSE:FOR
Holding FOR?
Track your performance easily
Earnings Data
Report Date
Jan 21, 2025Before Open Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$0.7Last Year’s EPS
$0.76Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -18.42%
|Next Earnings Date:Jan 21, 2025
Earnings Call Sentiment|Positive
Forestar reported strong financial performance with significant improvements in profitability and return metrics. Despite challenges with increased SG&A expenses and extended cycle times, the company maintained a robust capital structure and liquidity position. Revenue growth was flat, but the overall outlook remains positive due to strategic investments and operational improvements.Company Guidance
During the Forestar earnings call for Q4 2024, several key metrics were highlighted as part of the company's financial guidance. Forestar delivered over 5,300 lots in the fourth quarter and more than 15,000 lots for the full fiscal year. Diluted earnings per share increased by 20% to $4, with pretax income rising by 22% to $270.1 million. The return on equity improved by 60 basis points to 13.8%, while the book value per share grew by 15% year-over-year to $31.47. The company reported a fourth-quarter net income increase of 13% to $81.6 million or $1.60 per diluted share, while annual net income rose by 22% to $203.4 million or $4 per diluted share. The gross profit margin for the quarter was 23.9%, up 290 basis points from the previous year, with the fiscal year margin at 23.8%. In terms of investment, Forestar allocated approximately $450 million in land and land development during the fourth quarter and $1.6 billion for the full year. Looking ahead to fiscal 2025, the company plans to deliver between 16,000 and 16,500 lots, generating $1.6 billion to $1.65 billion in revenue.Strong Year-End Performance
Forestar delivered over 5,300 lots in Q4 and more than 15,000 lots for the full fiscal year. Fiscal 2024 diluted earnings per share increased 20% to $4, and pretax income increased 22% to $270.1 million.
Improved Return Metrics
Return on equity improved 60 basis points to 13.8%, and book value per share increased 15% year-over-year to $31.47.
Increased Land Investment
Forestar invested approximately $1.6 billion in land and land development in fiscal 2024, a 65% increase from the previous year.
Strong Liquidity and Capital Structure
Forestar ended the quarter with approximately $860 million of liquidity and a net debt-to-capital ratio of 12.4%.
Gross Profit Margin Improvement
Gross profit margin improved to 23.9% in Q4, up 290 basis points from the previous year.
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FOR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FOR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $31.82 | $31.75 | -0.22% |
| Jul 18, 2024 | $36.00 | $31.24 | -13.22% |
| Apr 18, 2024 | $34.16 | $31.30 | -8.37% |
| Jan 23, 2024 | $34.77 | $32.43 | -6.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Forestar Group Inc (FOR) report earnings?
Forestar Group Inc (FOR) is schdueled to report earning on Jan 21, 2025, Before Open Not Confirmed.
What is Forestar Group Inc (FOR) earnings time?
Forestar Group Inc (FOR) earnings time is at Jan 21, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FOR EPS forecast?
FOR EPS forecast for the fiscal quarter 2025 (Q1) is $0.7.
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