News Image

Exploring NYSE:FOR's growth characteristics.

By Mill Chart

Last update: Mar 29, 2024

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if FORESTAR GROUP INC (NYSE:FOR) is suited for growth investing. Investors should of course do their own research, but we spotted FORESTAR GROUP INC showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

What matters for canslim investors.

  • FORESTAR GROUP INC has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 80.95% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
  • FORESTAR GROUP INC has experienced 41.16% q2q revenue growth, indicating a significant sales increase.
  • FORESTAR GROUP INC has achieved 40.28% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
  • With a favorable Return on Equity (ROE) of 13.09%, FORESTAR GROUP INC demonstrates its ability to deliver attractive returns for shareholders. This metric highlights the company's effective management of assets and its profitability.
  • The Relative Strength (RS) of FORESTAR GROUP INC has consistently been strong, with a current 96.91 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. FORESTAR GROUP INC demonstrates promising potential for sustained price momentum.
  • FORESTAR GROUP INC maintains a healthy Debt-to-Equity ratio of 0.5. This indicates the company's conservative capital structure and signifies its ability to effectively manage debt obligations while maintaining a strong equity position.
  • With institutional shareholders at 37.42%, FORESTAR GROUP INC demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.

Technical Analysis Observations

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

We assign a technical rating of 10 out of 10 to FOR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FOR is showing a nice and steady performance.

  • Both the short term and long term trends are positive. This is a very positive sign.
  • Looking at the yearly performance, FOR did better than 96% of all other stocks. On top of that, FOR also shows a nice and consistent pattern of rising prices.
  • FOR is part of the Real Estate Management & Development industry. There are 68 other stocks in this industry. FOR outperforms 97% of them.
  • FOR is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
  • In the last month FOR has a been trading in the 33.33 - 40.92 range, which is quite wide. It is currently trading near the high of this range.
  • Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Our latest full technical report of FOR contains the most current technical analsysis.

How does the complete fundamental picture look for NYSE:FOR?

ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.

Taking everything into account, FOR scores 7 out of 10 in our fundamental rating. FOR was compared to 68 industry peers in the Real Estate Management & Development industry. While FOR has a great profitability rating, there are some minor concerns on its financial health. FOR has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! These ratings would make FOR suitable for value and growth investing!

Our latest full fundamental report of FOR contains the most current fundamental analsysis.

More growth stocks can be found in our CANSLIM screen.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.