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Howard Hughes, Green Brick Partners and Forestar have been highlighted in this Industry Outlook article.
Despite a high interest rate environment, recovery in demand for certain real estate categories and constrained supply poise Real Estate Development industry players like HHH, GRBK and FOR well for growth.
Forestar Group Inc. targets double digit returns through land acquisition with significant cash and expertise, supported by financing from D.R. Horton. Given the previous unlevered FCF growth, management outlook, planned land acquisition in 2024, and my previous assumptions, I expect FCF close to $192 million in 2025. FOR recently reported constrained lot supply in the United States, which, in my view, may benefit its business model.
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar announced that it will release financial results for its third quarter ended June 30, 2024 on Thursday, July 18, 2024.
Despite a high interest rate environment, recovery in demand for certain real-estate property types and constrained supply poise Real Estate Development industry players like GRBK, FOR and LSEA well for growth.
The real estate lot developer took the wraps off its latest set of quarterly results. It trounced the average prognosticator forecast for net income and beat handily on the top line.
Forestar Group (FOR) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.54 per share a year ago.
Forestar Group (FOR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Forestar Group (FOR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
In the vast opportunities, certain stocks emerge as hidden gems, promising solid returns and the potential to redefine and deliver historic gains. The article lists three game-changing stocks and the companies at the edge of their industry progress.