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Forestar Group, a real estate developer, is expected to benefit from the upcoming housing recovery in 2024. Housing shortages will continue due to a lack of inventory, leading to an increase in single-family home construction. Mortgage rates are forecast to decrease, leading to a pickup in demand for new homes.
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 BKGFY, GRBK and FOR well for growth.
Forestar Group Inc. (FOR) Q1 2024 Earnings Call Transcript
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.