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Business Wire (Tue, 21-Jan 6:30 AM ET)
Forestar Reports Fiscal 2025 First Quarter Results
Business Wire (Tue, 21-Jan 6:30 AM ET)
Forestar Group Inc. to Release 2025 First Quarter Earnings on January 21, 2025
Business Wire (Tue, 3-Dec 5:00 PM ET)
Forestar Group Inc is a residential lot development company with operations across the United States. The core business segment for the company is real estate which generates all of it's revenues. The firm fundamentally acquires entitled real estate and develops it into finished residential lots for sale to homebuilders with a strategic focus on asset turns and efficiency. Single-family residential communities account for the majority of their real estate projects. The company utilizes a lower-risk business model mainly by investing in short duration, phased development projects.
Forestar Group Common trades on the NYSE stock market under the symbol FOR.
As of February 7, 2025, FOR stock price declined to $22.90 with 69,816 million shares trading.
FOR has a beta of 1.31, meaning it tends to be more sensitive to market movements. FOR has a correlation of 0.17 to the broad based SPY ETF.
FOR has a market cap of $1.16 billion. This is considered a Small Cap stock.
Last quarter Forestar Group Common reported $250 million in Revenue and $.32 earnings per share. This fell short of revenue expectation by $-78 million and missed earnings estimates by -$.38.
In the last 3 years, FOR traded as high as $40.92 and as low as $10.28.
The top ETF exchange traded funds that FOR belongs to (by Net Assets): VNQ, VTI, AVUV, IWM, VB.
FOR has underperformed the market in the last year with a price return of -25.8% while the SPY ETF gained +23.1%. FOR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -29.2% and -5.5%, respectively, while the SPY returned +2.0% and -1.4%, respectively.
FOR support price is $22.79 and resistance is $23.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FOR shares will trade within this expected range on the day.