Forestar Group: 23% Sales Growth in Q3

Forestar Group (NYSE:FOR), a leading U.S. residential lot developer largely supplying homebuilders, released its fiscal third quarter results on July 22, 2025. The company reported GAAP revenue of $390.5 million, topping consensus GAAP estimates of $384.72 million, but delivered GAAP earnings per share (EPS) of $0.65, missing the $0.71 analyst expectation. Net income dropped to $32.9 million from $38.7 million in the same quarter last year. Revenue benefited from increased sales volumes and higher average lot prices, profits lagged due to margin pressure and increased expenses (GAAP). Forestar tightened its full-year lot delivery guidance to a range of 14,500 to 15,000 lots for FY2025, citing affordability challenges in the housing market and a slower pace of new home sales, marking a cautious overall assessment despite operational strengths.Source: Forestar Group. Note: Analyst estimates provided by FactSet.Forestar Group is a real estate company specializing in the acquisition, development, and sale of residential lots to homebuilders across the United States. It operates in 64 markets spanning 23 states. Its business centers on supplying finished lots, typically for entry-level and first-move-up homes, which make up the largest and most active segments of the new home market.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool