Evaluating NYSE:FOR for Growth Investment Opportunities.

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.

Some of the canslim metrics of NYSE:FOR highlighted

• The quarterly earnings of FORESTAR GROUP INC have shown a 80.95% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• With impressive quarter-to-quarter (Q2Q) revenue growth of 41.16%, FORESTAR GROUP INC showcases its ability to generate increased sales and revenue. This growth indicates the company's strong customer demand and its effective business strategies.
• FORESTAR GROUP INC has achieved 40.28% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• The Return on Equity (ROE) of FORESTAR GROUP INC stands at 13.09%, reflecting the company's strong profitability and effective utilization of shareholder equity. This metric signifies the company's ability to generate returns for its investors.
• FORESTAR GROUP INC has achieved an impressive Relative Strength (RS) rating of 92.61, showcasing its ability to outperform the broader market. This strong performance positions FORESTAR GROUP INC as an attractive stock for potential price appreciation.
• Maintaining a Debt-to-Equity ratio of 0.5, FORESTAR GROUP INC demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• With institutional shareholders at 37.48%, 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 of NYSE:FOR

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 6 out of 10 to FOR. Although FOR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

• Looking at the yearly performance, FOR did better than 92% of all other stocks. On top of that, FOR also shows a nice and consistent pattern of rising prices.
• FOR is one of the better performing stocks in the Real Estate Management & Development industry, it outperforms 95% of 68 stocks in the same industry.
• The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
• FOR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FOR is lagging the market slightly.

Check the latest full technical report of FOR for a complete technical analysis.

Fundamental analysis of NYSE:FOR

As part of its analysis, ChartMill provides a comprehensive Fundamental Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various 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. FOR has an excellent profitability rating, but 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! This makes FOR very considerable for value and growth investing!

For an up to date full fundamental analysis you can check the fundamental report of FOR

Our CANSLIM screen will find you more ideas suited for growth investing.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.