NYSE$FOR
Forestar Group Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Forestar experienced significant gains in volume and improved pre-tax profit margins.
Forestar reported a record quarter and fiscal year, with net income attributable to Forestar increasing 82% to $44.0 million, or $0.89 per diluted share, revenues increasing 20% to $418.7 million, and residential lots sold increasing 23% to 4,902 lots compared to the prior year period.
- Net income attributable to Forestar increased 82% to $44.0 million or $0.89 per diluted share.
- Pre-tax income increased 84% to $58.8 million, while pre-tax profit margin increased 480 basis points to 14.0%.
- Revenues increased 20% to $418.7 million.
- Residential lots sold increased 23% to 4,902 lots.
Headline financials
Revenue & EPS history
Forestar · Revenue · Quarterly
$419M
Revenue by segment
Forestar · $419M total across 2 segments · Q4 2021
- Residential Lot Sales$399M—95.2%
- Tract Sales & Other$20.1M—4.8%
Forward guidance
Forestar expects to deliver between 19,000 and 19,500 lots in fiscal 2022 and robust growth with increasing pre-tax profitability in the coming years.
Tailwinds
- Housing market conditions remain favorable across the country.
- Forestar is consolidating market share in the fragmented and under-capitalized U.S. lot development industry.
- The Forestar team achieved a strong fiscal 2021 with over 15,900 lot deliveries.
- Forestar's return-focused business model is centered on our high inventory turnover, lower risk lot manufacturing strategy.
- Our strategic and operational plan is underpinned by our low net leverage and strong liquidity, the engagement of our people and our strategic relationship with D.R. Horton, the nation’s largest homebuilder.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2021
+0.2%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+3.6%
Avg return
30 days after
49%
32 / 65 earnings
Positive
+17.9%
Q4 2017
Best reaction
-15.3%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +0.4% | +6.3% | -1.3% | |
| Q1 2026 | -4.6% | -9.6% | +8.2% | |
| Q4 2025 | +6.6% | -0.2% | -1.0% | |
| Q3 2025 | +0.6% | +1.3% | +1.8% | |
| Q2 2025 | -0.6% | +1.6% | +6.2% | |
| Q1 2025 | -10.1% | -12.4% | -14.0% | |
| Q4 2024 | +0.9% | -1.9% | -5.6% | |
| Q3 2024 | -14.8% | -11.4% | -18.6% | |
| Q2 2024 | -7.5% | -7.9% | +2.4% | |
| Q1 2024 | -8.7% | -6.2% | -6.9% | |
| Q4 2023 | +14.9% | +14.3% | +20.3% | |
| Q3 2023 | +13.1% | +21.6% | +19.9% | |
| Q2 2023 | +10.4% | +17.0% | +31.7% | |
| Q1 2023 | -9.7% | -10.7% | -15.6% | |
| Q4 2022 | +15.9% | +17.2% | +32.0% | |
| Q3 2022 | -6.2% | -6.9% | -11.6% | |
| Q2 2022 | -3.5% | -2.9% | -6.1% | |
| Q1 2022 | +8.8% | +11.7% | +1.9% | |
| Q4 2021 | +3.2% | +2.2% | -2.5% | |
| Q3 2021 | +12.4% | +12.4% | +5.3% | |
| Q2 2021 | -1.1% | -0.5% | -9.8% | |
| Q1 2021 | -1.1% | -1.6% | -3.2% | |
| Q4 2020 | +5.6% | +7.1% | +12.5% | |
| Q3 2020 | +2.7% | +5.4% | +9.1% | |
| Q2 2020 | +0.9% | +13.0% | +24.0% | |
| Q1 2020 | -0.4% | -9.2% | -2.3% | |
| Q4 2019 | +3.2% | +4.0% | +4.9% | |
| Q3 2019 | +3.0% | +6.8% | -5.2% | |
| Q2 2019 | +0.8% | +1.5% | -2.6% | |
| Q4 2018 | -0.4% | +1.6% | +7.6% | |
| Q3 2018 | -15.3% | -16.4% | -20.3% | |
| Q2 2018 | +1.1% | +0.0% | +5.5% | |
| Q1 2018 | -2.2% | -4.8% | +2.8% | |
| Q4 2017 | +17.9% | +11.0% | +6.7% | |
| Q3 2017 | -4.8% | -1.4% | +27.0% | |
| Q2 2017 | -0.9% | -0.9% | +0.3% | |
| Q1 2017 | +0.0% | +0.0% | +14.9% | |
| Q4 2016 | -1.5% | -1.5% | +2.6% | |
| Q3 2016 | +3.5% | +9.7% | +19.8% | |
| Q2 2016 | -2.0% | -2.6% | +2.5% | |
| Q1 2016 | -5.9% | — | — | |
| Q4 2015 | +10.0% | — | — | |
| Q3 2015 | -5.8% | — | — | |
| Q2 2015 | +3.0% | — | — | |
| Q1 2015 | -5.8% | — | — | |
| Q4 2014 | +8.3% | — | — | |
| Q3 2014 | +0.5% | — | — | |
| Q2 2014 | +0.0% | — | — | |
| Q1 2014 | -5.9% | — | — | |
| Q4 2013 | -0.5% | — | — | |
| Q3 2013 | -6.3% | — | — | |
| Q2 2013 | -4.9% | — | — | |
| Q1 2013 | +5.0% | — | — | |
| Q4 2012 | +3.7% | — | — | |
| Q3 2012 | -10.0% | — | — | |
| Q2 2012 | +4.0% | — | — | |
| Q1 2011 | -1.1% | — | — | |
| Q1 2012 | +2.3% | — | — | |
| Q4 2009 | +5.4% | — | — | |
| Q4 2011 | +5.4% | — | — | |
| Q3 2010 | +3.5% | — | — | |
| Q3 2011 | +3.5% | — | — | |
| Q2 2010 | -9.2% | — | — | |
| Q2 2011 | -9.2% | — | — | |
| Q4 2010 | -9.2% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro