FOR Stock Recent News

Forestar Group (FOR) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.42 per share a year ago.

Forestar Group Inc. is a residential lot developer focused on building infrastructure and acquiring property for single-family residential communities. The company has a market capitalization of $1.54 billion and a solid 8% Return on Invested Capital. Forestar strategically targets regions with growth potential and favorable economic conditions to optimize the sale prices of residential properties and deliver robust financial returns.

Forestar Group Inc. (NYSE:FOR ) Q4 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Ashley Dagley - Corporate Securities Council & IR Daniel Bartok - CEO James Allen - CFO Mark Walker - COO Conference Call Participants Carl Reichardt - BTIG Truman Patterson - Wolfe Research Douglas Wardlaw - JPMorgan Anthony Pettinari - Citigroup Operator Good afternoon, and welcome to Forestar's Fourth Quarter and Fiscal 2023 Earnings Conference Call. [Operator Instructions] Please note, this conference is being recorded.

Healthy demand for trending real-estate property types and digital transformations to drive operational resiliency poise Real Estate Development industry players like LGIH and FOR well for growth.

SMCI, PKX and FOR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 27, 2023.

Forestar Group Inc. (FOR) Q3 2023 Earnings Call Transcript

Forestar Group (FOR) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.80 per share a year ago.

Forestar Group's increase in book value per share and gross profit margin improvements are driven by a recent increase in the price of lots. FOR's diversified national presence and short-term project execution strategy offer multiple opportunities for profit margin maximization and FCF generation. Despite risks from debt outstanding, dependence on certain shareholders, and supply chain issues, the stock price could potentially trade at a higher mark.

Amid low supply, Real Estate Development industry players like FOR and GBRK are likely to benefit from the improving demand for several trending real-estate property types and new-age real estate developments.

People seem to be buying these stocks, and it seems for good reason.