Forestar Group reports Q4 EPS $1.70, consensus $1.26

Reports Q4 revenue $670.5M, consensus $556.59M. Chairman Donald Tomnitz said, “The Forestar team finished the year with a strong Q4, demonstrating demand for finished lots is solid despite the continued impact of ongoing affordability constraints and cautious consumer sentiment on new home demand. We delivered over 14,200 finished lots in FY25, and our revenues exceeded the high end of our most recent guidance range. Over the last five years, Forestar invested more than $7.3B in land acquisition and development and delivered more than 75,000 finished lots to local, regional and national homebuilders. Over the same time period, our book value per share increased 92%. Our profitable expansion is creating meaningful value for our shareholders. As we look forward to FY26, we currently expect to deliver between 14,000 and 15,000 lots, generating $1.6B-$1.7B of revenue. We are focused on maximizing returns in each of our projects by aligning the pace and price of lot sales with the timing of our investments to meet demand. We expect to continue aggregating market share, supported by our financial strength, substantial operating platform, strategic relationship with D.R. Horton and $2.1B of contracted future revenue. We plan to maintain our disciplined approach to capital allocation while positioning Forestar for growth and driving long-term value for our shareholders.”