Earnings fall short as the housing market slows. Wall Street is taking note, sending Forestar shares down 15% as of 11:15 a.m. ET. Forestar earned $0.76 per share on revenue of $318.4 million in its fiscal third quarter ending June 30, shy of the $0.88 per share in earnings on sales of $380 million that analysts had expected. The company sold 3,255 lots in the quarter, including 352 sold to customers other than D.R. Horton. That total was down 15% year over year. Is Forestar a buy? The company has a contrac ...

This quarterly report represents an earnings surprise of -14.61%. A quarter ago, it was expected that this real estate and natural resources developer would post earnings of $0.84 per share when it actually produced earnings of $0.89, delivering a surprise of 5.95%. Forestar Group, which belongs to the Zacks Real Estate - Development industry, posted revenues of $318.4 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 14.06%. This compares to year-ago revenues of $368.9 millio ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From To Commission File Number: 001-33662 FORESTAR GROUP INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction ...

The Zacks Real Estate – Development industry is likely to face challenges due to the current high interest rates and stringent credit conditions, with investors continuing to delay the timeline of their transactions in anticipation of better price discovery. Supply chain constraints, macroeconomic uncertainty and geopolitical tensions are projected to inflate material expenses, consequently impeding the speed of new project completions.However, recovery in demand for certain real-estate property types and a ...

公司业绩 - 公司在2024财年第二季度成功实现了双重增长，总收入同比增长11%，净利润按照GAAP标准增长67%[4] - 公司的业绩远超分析师的预期，包括总收入和净利润[5] - Forestar的成功取决于其开发和销售的地块数量，本季度该数量同比增长了10%[6] 股价表现 - Forestar Group的股价在最近几天并没有为投资者创造太多财富[2] - Forestar的股价在本周早些时候下跌了近17%，市场似乎对公司最新一季度的业绩并不满意[3] 未来展望 - 尽管过去的业绩表现良好，但公司的未来指引却未能令人满意，公司预计全年将交付14,500至15,500个地块，带来14亿至15亿美元的收入，但分析师平均预期总收入为15.3亿美元[7]

财务数据和关键指标变化 - 净收入增加67%至4500万美元,每股摊薄收益0.89美元 [11] - 收入增加11%至3.338亿美元 [12] - 销售的住宅用地增加10%至3,289宗 [13] - 税前利润增加64%至5890万美元,税前利润率提升570个基点至17.6% [14] - 毛利率为24.9%,较上年同期的18.5%有所提升 [15] - 销售、一般及管理费用增加33%至2920万美元,占收入比重为8.7% [16] 各条业务线数据和关键指标变化 - 公司没有披露各业务线的具体数据和指标变化 [无] 各个市场数据和关键指标变化 - 大多数市场供应仍然紧张,特别是南部地区和卡罗来纳州 [41][42] - 公司没有披露各个市场的具体数据和指标变化 [无] 公司战略和发展方向及行业竞争 - 公司计划加快土地收购和开发投资,以加快增长 [22][28][31] - 公司目标是在中期内将市场份额从2.5%提高到5% [31] - 公司资本结构是其最大的竞争优势,与大多数同行使用项目贷款不同 [25] - 公司与最大客户D.R. Horton的合作关系为其带来了增长机会 [20][21] 管理层对经营环境和未来前景的评论 - 房地产供应仍然有限,但买家需求保持强劲 [17][29] - 成本压力和利率上升对可负担性造成影响,但新房需求仍将推动公司增长 [29] - 公司有信心在2024财年交付14,500至15,500宗住宅用地,实现14-15亿美元收入 [30] 问答环节重要的提问和回答 问题1 **Carl Reichardt 提问** 目前6,300宗已完工的住宅用地是否全部将在本年度交付 [34][35][36][37] **Katie Smith 回答** 部分已完工的住宅用地将在2025财年交付,因为有分期交付的安排 [35][36][37] 问题2 **Anthony Pettinari 提问** 未来毛利率水平是否可持续 [38][39] **Jim Allen 回答** 22.5%的毛利率水平是可持续的,与过去10个季度的正常水平一致 [39] 问题3 **Mike Rehaut 提问** 公司是否对本季度股价下跌有何评论 [56][57][58] **Katie Smith 回答** 公司对股价下跌感到意外,因为业绩表现良好 [57] **Mark Walker 回答** 公司有信心能够实现全年交付目标 [58]

Financial Results The Company will host a conference call today (Thursday, April 18) at 5:00 p.m. Eastern Time. The dial-in number is 888-506-0062, the entry code is 585201 and the call will also be webcast from the Company's website at investor.forestar.com. (1) Excludes any impact from change in contract liabilities. Exhibit 99.1 Capital Structure, Leverage and Liquidity | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------- ...

财务表现 - Forestar Group第一季度每股盈利为0.89美元，超过了Zacks Consensus预期的0.84美元[1] - Forestar Group在过去四个季度中四次超过了市场预期的每股盈利[2] - Forestar Group第一季度营收为3.338亿美元，低于Zacks Consensus预期，但比去年同期的3.015亿美元高[3] 市场影响 - 公司管理层在财报电话会议上的评论将对股价走势产生重要影响[4]

公司财务业绩 - 公司将于2024年4月18日发布截至2024年3月31日第二季度的财务业绩[1] - 公司将在当天下午5:00 p.m. Eastern Time (ET)举行电话会议，拨打电话号码888-506-0062，参与者请提及访问代码585201[1] - 电话会议重播将于2024年4月18日晚上7:00 p.m. ET后提供，拨打电话号码877-481-4010，参考重播密码50133[2] 公司业务范围 - 公司是一家在57个市场和23个州开展业务的住宅地块开发公司[3] - 公司总部位于德克萨斯州阿灵顿市，在截至2023年12月31日的12个月内交付了超过14,900个住宅地块[4]

Forestar Group - Forestar Group (FOR)股价在最近一个交易日上涨了6.1%，收于37.07美元，这可能归因于交易量较大，交易的股票数量比一般交易日要多[1] - Forestar Group预计在即将发布的季度报告中每股盈利为0.84美元，同比增长55.6%，预计营收为3.456亿美元，同比增长14.6%[2] - 对于Forestar Group来说，过去30天内该季度的每股盈利预期保持不变[3] - Forestar Group目前持有Zacks Rank 1（强烈买入）[5] Green Brick Partners - Green Brick Partners的即将发布的季度报告的每股盈利预期在过去一个月内下降了7.7%，为1.50美元，较一年前的报告增长了9.5%[6]