earnings
confidence high
sentiment positive
materiality 0.70
Forestar Q3 revenues up 76% to $312.9M; EPS $0.32 vs $0.21; lots sold +91%
Forestar Group Inc.
2021-Q3 EPS reported
$1.36
revenue$907,100,000
- Net income $15.8M ($0.32/diluted) vs $10.1M ($0.21) in prior year quarter.
- Pre-tax income $21.1M; excluding $18.1M debt extinguishment loss, pre-tax income up 281% to $39.2M.
- Lots sold 3,858 (+91% YoY); owned/controlled lots 96,600 (+91%).
- FY2021 lot delivery guidance raised to 15,500-16,000 lots.
- ROE 10.0% for trailing 12 months, up 390 bps; total liquidity $465.8M.