Forestar

Q3 FY2026 EarningsFY26 Q3 missed consensus across top and bottom-line metrics: revenue of $407.0M was 7.02% below the $437.7M expected, and EPS of $0.70 missed the $0.81 consensus. Gross margin of 20.66% came in lower than the 21.15% estimate, hampered by elevated development costs and municipal approval delays. While lot sales volume grew 1.5% YoY, a regional shift in mix and lower lot banking activity constrained total revenue growth, though the company maintained a strong liquidity position with $1.1B in total available capital.