SHARPE
Reported results
- Fourth-quarter net income attributable to Forestar totaled $59.2 million, or $1.15 per diluted share.
- Fourth-quarter pre-tax income was $78.6 million, with a pre-tax profit margin of 13.5%.
- Fourth-quarter consolidated revenues reached $580.8 million on 5,004 lots sold.
- Fiscal 2026 net income attributable to Forestar totaled $142.6 million, or $2.78 per diluted share.
- Fiscal 2026 consolidated revenues were $1.6 billion on 13,545 lots sold.
- Total liquidity at September 30, 2026 was $1.3 billion, consisting of $657.0 million of unrestricted cash and $657.8 million of available borrowing capacity.
Guidance
- For fiscal 2027, Forestar expects to deliver between 12,000 and 13,000 lots.
- For fiscal 2027, Forestar expects to generate $1.4 billion to $1.5 billion of revenue.
Price and volatility reaction
The stock moved -3.4% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -8.1 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 25.92 | 2026-10-28 |
| Close after release | 25.03 | 2026-10-29 |
| Realised move | -3.4% | close to close |
| 30d ATM IV change | -8.1 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.