Forestar Misses Earnings, But Shows Growth

Forestar Group Inc. announced its fiscal third-quarter 2026 financial results, revealing that its earnings and revenue did not meet analyst expectations. The company reported adjusted earnings per share of $0.70, falling short of the anticipated $0.81, and revenue of $407.0 million against a consensus estimate of $437.73 million.

Despite the quarterly shortfall, Forestar achieved positive year-over-year financial performance. Net income saw a 9% increase, reaching $35.9 million or $0.70 per diluted share. Revenue grew by 4% to $407.0 million, with pre-tax income advancing 12% to $48.7 million. The company also saw a slight increase in residential lot sales, delivering 3,659 lots.

Management has affirmed its fiscal 2026 financial outlook, projecting lot deliveries between 14,000 and 14,500, and full-year revenue ranging from $1.6 billion to $1.7 billion. Forestar concluded the quarter with substantial liquidity, totaling $1.1 billion, which includes $394.9 million in unrestricted cash and $669.9 million in available borrowing capacity. The company's strategic position is further reinforced by its ownership or control of approximately 91,700 lots.