Buy, Sell or Hold? before and after EPS results Forestar Group (NYSE:FOR)

Earnings results for Forestar Group (NYSE:FOR)

Forestar Group Inc is expected* to report earnings on 01/21/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.39. The reported EPS for the same quarter last year was $0.35.

Forestar Group last issued its earnings data on November 5th, 2020. The oil and gas exploration company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.27. The firm had revenue of $347.60 million for the quarter, compared to analyst estimates of $200.80 million. Forestar Group has generated $1.21 earnings per share over the last year and currently has a price-to-earnings ratio of 18.0. Forestar Group has confirmed that its next quarterly earnings report will be published on Thursday, January 21st, 2021.

Analyst Opinion on Forestar Group (NYSE:FOR)

3 Wall Street analysts have issued ratings and price targets for Forestar Group in the last 12 months. Their average twelve-month price target is $16.50, predicting that the stock has a possible downside of 27.06%. The high price target for FOR is $21.00 and the low price target for FOR is $12.00. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Forestar Group has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $16.50, Forestar Group has a forecasted downside of 27.1% from its current price of $22.62. Forestar Group has received no research coverage in the past 90 days.

Dividend Strength: Forestar Group (NYSE:FOR)

Forestar Group does not currently pay a dividend. Forestar Group does not have a long track record of dividend growth.

Insiders buying/selling: Forestar Group (NYSE:FOR)

In the past three months, Forestar Group insiders have not sold or bought any company stock. Only 0.17% of the stock of Forestar Group is held by insiders. Only 30.67% of the stock of Forestar Group is held by institutions.

Earnings and Valuation of Forestar Group (NYSE:FOR

Earnings for Forestar Group are expected to grow by 8.59% in the coming year, from $1.63 to $1.77 per share. The P/E ratio of Forestar Group is 17.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.63. The P/E ratio of Forestar Group is 17.95, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.02. Forestar Group has a PEG Ratio of 3.42. PEG Ratios above 1 indicate that a company could be overvalued. Forestar Group has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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