Forestar Group (NYSE:FOR) Full Year 2024 Results
Key Financial Results
- Revenue: US$1.51b (up 5.0% from FY 2023).
- Net income: US$203.4m (up 22% from FY 2023).
- Profit margin: 14% (up from 12% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: US$4.03 (up from US$3.34 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Forestar Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 7.0%.
Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Real Estate industry in the US.
Performance of the American Real Estate industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Forestar Group that we have uncovered.
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About NYSE:FOR
Forestar Group
Operates as a residential lot development company in the United States.
Good value with adequate balance sheet.
