Overview
Century Communities Q2 revenue of $1.0 bln beats analyst expectations, per LSEG data
Adjusted EPS for Q2 exceeds estimates
Company's community count rose 23% YoY to a record 327
Outlook
Century Communities revises 2025 home delivery guidance to 10,000-10,500 homes
Company expects 2025 home sales revenue between $3.8 bln and $4.0 bln
Century Communities anticipates mid-single digit increase in community count by year-end
Result Drivers
HOME DELIVERIES - Deliveries increased by 13% sequentially due to customer incentives and successful sales closures, per Executive Chairman Dale Francescon
COMMUNITY EXPANSION - Community count grew by 23% YoY to a record 327, indicating expansion and growth potential, per CEO Rob Francescon
COST MANAGEMENT - Effective cost management and improved cycle times contributed to performance amidst market headwinds
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1 bln
$922.20 mln (3 Analysts)
Q2 Adjusted EPS
Beat
$1.37
$1.12 (5 Analysts)
Q2 EPS
$1.14
Q2 Net Income
$34.90 mln
Q2 Homebuilding Gross Margin
17.6%
Q2 Adjusted Homebuilding Gross Margin
20.0%
Q2 Pretax Profit
$47.10 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the homebuilding peer group is "buy."
Wall Street's median 12-month price target for Century Communities Inc is $69.00, about 7.7% above its July 22 closing price of $63.72
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 three months ago
Press Release: ID:nPn1x2DrDa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)