Benzinga | Jan 21, 2021 04:53PM EST

Recap: Forestar Group Q1 Earnings

Shares of Forestar Group (NYSE:FOR) increased 5% in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share rose 31.43% over the past year to $0.46, which beat the estimate of $0.37.

Revenue of $307,100,000 up by 24.23% from the same period last year, which beat the estimate of $261,510,000.

Looking Ahead

Forestar Group hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jan 21, 2021

Time: 05:00 PM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/2079/39232

Technicals

Company's 52-week high was at $23.11

Company's 52-week low was at $9.43

Price action over last quarter: Up 12.73%

Company Description

Forestar Group Inc is a residential and mixed-use property development company. Forestar group's operation is segmented into real estate, mineral resources, and other segments. The real estate segment is engaged in the acquisition, entitlement, development, and sale of real estate, and it represents the most significant amount of the company's income. The mineral resource segment consists of the exploration, development, and production of oil and gas. The other segment includes activities of timber, recreational leases, and water resource asset.