Tiger Brokers

BUZZ-Forestar gains on annual sales forecast hike

Reuters
Oct 28
BUZZ-Forestar gains on annual sales forecast hike

** Shares of residential lot developer Forestar Group FOR.N rise about 7% at $27.86 in early trading

** Co raises annual revenue forecast to $1.6 billion to $1.7 billion from prior target of $1.5 billion to $1.55 billion

** Reports Q4 revenue of $670.5 million vs analyst estimate of $556.6 million, as per data compiled by LSEG

** Q4 net income up 7% to $87 million, or $1.70 per diluted share year-over-year

** Sees finished lots delivery between 14,000 and 15,000 for fiscal 2026 vs 14,200 in fiscal 2025

** "Demand for finished lots is solid despite the continued impact of ongoing affordability constraints and cautious consumer sentiment on new home demand," says Chairman Donald Tomnitz

** As of last close, stock up 0.54% YTD

(Reporting by Koyena Das)

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