Overview

* Forestar ( FOR ) Q4 revenue grew 22% yr/yr, beating analyst expectations

* Net income for fiscal 2025 decreased 17% yr/yr

* Company sold 4,891 lots in Q4, a 9% decrease yr/yr

Outlook

* Forestar ( FOR ) expects to deliver 14,000 to 15,000 lots in fiscal 2026

* Company forecasts fiscal 2026 revenue between $1.6 bln and $1.7 bln

* Forestar ( FOR ) highlights strong balance sheet and liquidity for resilience

Result Drivers

* LOT SALES REVENUE - Revenue growth driven by increased residential lot sales despite fewer lots sold

* STRATEGIC RELATIONSHIP - Demand for finished lots supported by strategic relationship with D.R. Horton

* HIGHER LOT PRICES - Increase in average sales price per lot contributed to revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Beat $670.50 $556.60

Revenue mln mln (4

Analysts

)

Q4 EPS $1.70

Q4 Net $87 mln

Income

Q4 Basic $1.71

EPS

Q4 $113.10

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the construction & engineering peer group is "buy"

* Wall Street's median 12-month price target for Forestar Group Inc ( FOR ) is $31.00, about 15.9% above its October 27 closing price of $26.06

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)