Forestar Group Q4 2026: Tract Sales Drop Pulls Results Below Estimates
As seen on the 24/7 Wall St. homepage on October 29, 2026.
Tract sales revenue collapsed to $38.7 million from $103.4 million a year ago, and that single line explains both the EPS and revenue miss. Management now guides fiscal 2027 revenue to $1.4 billion to $1.5 billion, below fiscal 2026, as affordability and mortgage rates squeeze lot pricing.
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Forestar Group reported Q4 2026 GAAP earnings per share of $1.15, missing expectations, as the residential lot business absorbs affordability pressure and elevated mortgage rates.
Tract sales and other revenue fell to $38.7 million from $103.4 million a year earlier, outweighing a small gain in lots sold and a lower average price per lot.
Net income for the quarter came in at $59.2 million, down 32% year over year, with full fiscal year GAAP EPS missing expectations.
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Management guided fiscal 2027 revenue to $1.4 billion to $1.5 billion, below fiscal 2026 levels, citing affordability constraints and prioritizing disciplined capital allocation over volume growth.
Forestar enters the new fiscal year with total liquidity of $1.3 billion, and its relationship with majority owner D.R. Horton, which absorbs the bulk of lot production, remains central to navigating slower demand.
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