Companies /Real Estate
Forestar Group Inc New
NYSE: FOR Real Estate - Development
$24.12
▲ $0.42 (+1.75%) today
Markets closed · 6:22pm ET

Forestar Group (FOR) Q4 2026 Earnings

Reported Oct 29, 2026, 1:47pm ET · SEC source
$1.15
Miss −8.24%
EPS · est. $1.25 GAAP

Includes a pre-tax gain on sale of assets of $10.0 million and real estate impairment charges of $7.6 million

$580.8M
Miss −3.70%
Revenue · est. $603.1M
4 quarters
Consecutive EPS misses

How Did FOR Stock React to Q4 2026 Earnings?

% change · around the report
−3%0+3%Oct 29Oct 30report 1:47pm ETearnings−1.5%−3.3%
−3%0+3%Oct 29Oct 30earnings−1.5%−3.3%
FOR −3.3%S&P 500 −1.5%
−3%0+3%Oct 29Oct 30report 1:47pm ETearnings−3.2%−3.3%
−3%0+3%Oct 29Oct 30earnings−3.2%−3.3%
FOR −3.3%NASDAQ −3.2%
−6%−3%0+3%Oct 28Nov 3report 1:47pm ETearnings−1.5%−6.2%
−6%−3%0+3%Oct 28Nov 3earnings−1.5%−6.2%
FOR −6.2%S&P 500 −1.5%
−6%−3%0+3%Oct 28Nov 3report 1:47pm ETearnings−3.5%−6.2%
−6%−3%0+3%Oct 28Nov 3earnings−3.5%−6.2%
FOR −6.2%NASDAQ −3.5%
−3.43%
Day of report
−4.35%
Next session
−2.28%
One week

Did FOR Beat Earnings? Q4 2026 Results

No. Forestar Group reported Q4 2026 earnings of $1.15 a share on Oct 29, 2026, missing the $1.25 consensus estimate by 8.2%. Revenue was $580.8M against a $603.1M estimate.

Forestar Group delivered a disappointing fiscal fourth-quarter 2026 report, missing on both the top and bottom lines as pricing pressure and a steep decline in tract sales dragged results well below expectations. The residential lot developer posted GAAP EPS of $1.15, falling 8.24% short of the $1.25 consensus estimate, while revenue of $580.80 million trailed the $603.09 million forecast by 3.70% and slid 13.4% from a year earlier. The single sharpest drag was tract sales and other revenue, which collapsed to $38.70 million from $103.40 million in the prior-year period, overwhelming a modest 2% rise in lots sold to 5,004. The average lot price fell to $108,300 from $115,700, compounding the revenue shortfall. GAAP results include a pre-tax gain on asset sales of $10.00 million and real estate impairment charges of $7.60 million. Chairman Donald Tomnitz cited affordability constraints and rising mortgage rates as key headwinds. Looking ahead, Forestar guided fiscal 2027 revenue to $1.40 billion to $1.50 billion, a range below fiscal 2026 levels, as management prioritizes disciplined capital allocation over volume.

Key Takeaways
  • Q4 lots sold increased 2% to 5,004 from 4,891
  • Average sales price per lot fell to $108,300 from $115,700 in Q4
  • Tract sales and other revenue declined to $38.7 million from $103.4 million in Q4
  • Q4 included a $10.0 million pre-tax gain on sale of assets and $7.6 million of real estate impairment charges
  • Lots sold to customers other than D.R. Horton were 822 in Q4 vs 828 a year ago
  • Fiscal 2026 lots sold decreased 5% to 13,545

What Is Forestar Group's Outlook?

For fiscal 2027, Forestar expects to deliver between 12,000 and 13,000 lots, generating $1.4 billion to $1.5 billion of revenue. The company will continue to balance the pace and price of lot sales with the timing of its investments to meet demand and maximize returns in each project. Management says its balance sheet, liquidity of $1.3 billion, D.R. Horton relationship and $2.2 billion of contracted future revenue position it to keep supplying finished lots and gaining market share. It remains focused on disciplined capital allocation.

FOR YoY Financials

Q4 2026 vs Q4 2025 · SEC filings Q4 2025 Q4 2026
$0$200.0M$400.0M$600.0M$670.5M$580.8MRevenue$87.0M$59.2MNet Income
$0$200.0M$400.0M$600.0MRevenueNet Income
FOR income statement, Q4 2026 versus Q4 2025
Metric Q4 2026 Q4 2025 Year over year
Revenue $580.8M $670.5M −13.4%
Net Income $59.2M $87.0M −32.0%

FOR Revenue by Segment

Residential Lot Sales - Development Projects
Development Projects$540.2M
Tract Sales and Other$38.7M−62.6%
Residential Lot Sales - Lot Banking Projects
Lot Banking Projects$2.0M

When Does Forestar Group Report Next?

Expected report date

Figures from SEC filings and company reports. Not investment advice.