Forestar Group (FOR) Misses Q3 EPS by 14c; offers FY24 guidance

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Go back to Forestar Group (FOR) Misses Q3 EPS by 14c; offers FY24 guidance

Forestar Group (FOR) PT Lowered to $37 at BTIG

July 19, 2024 4:57 AM EDT

BTIG analyst Ryan Gilbert lowered the price target on Forestar Group (NYSE: FOR) to $37.00 (from $41.00) while maintaining a Buy rating.

The analyst comments "FOR reported FY3Q EPS of $0.76, below our $0.96 estimate (consensus $0.90). The miss was primarily driven by lower unit sales than we anticipated, in addition to higher SG&A/sales, slightly lower average pricing, and a higher tax rate than we modeled.... More