Forestar Group Q4 Revenue Rises 9% to $273M, Beats Estimates; Stock Dips 1.7%

Forestar Group (NYSE:FOR) reported Q4 revenue of $273 million, up 9% year-over-year and 2.1% above analyst estimates, though it missed on adjusted operating income despite beating EBITDA forecasts. The company, majority-owned by D.R. Horton, develops residential lots for single-family homes and maintained strong liquidity amid cautious homebuyer sentiment. Chairman Donald J. Tomnitz reaffirmed fiscal 2026 guidance of 14,000–15,000 lots delivered, targeting $1.6B–$1.7B in revenue. Shares fell 1.7% post-earnings to $26.93 as of February 3, 2026, underperforming the broader consumer discretionary sector, which saw average stock gains of 3.7% following earnings.