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To be comfortable owning Forestar Group today, you need to believe in its ability to convert a relatively focused land development model into consistent, if unspectacular, earnings, while keeping balance sheet risk in check. The latest quarter fits awkwardly into that story: sales ticked higher to US$273 million, but net income and EPS slipped, underscoring how quickly margins can compress when project mix shifts or low-margin tract sales come through. That matters for the short term because near-term catalysts have been around execution on the 2026 lot and revenue guidance and the perception that the stock is “cheap” at a single-digit earnings multiple. If margin pressure and affordability-driven demand softness persist into upcoming quarters, those same factors could reframe what looked like a valuation opportunity as a more fundamental risk.
However, investors should be aware of how quickly affordability issues can pressure Forestar’s margins. Forestar Group's share price has been on the slide but might be dropping deeper into value territory. Find out whether it's a bargain at this price.Explore 2 other fair value estimates on Forestar Group - why the stock might be worth as much as 29% more than the current price!
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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