Forestar Group Full Year 2024 Earnings: Beats Expectations

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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