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CCS — Century Communities News Story

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Brief: Century Communities Q2 EPS USD 1.14

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

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$1 bln$922.20 mln (3 Analysts)
Q2 Adjusted EPSBeat$1.37$1.12 (5 Analysts)
Q2 EPS$1.14
Q2 Net Income$34.90 mln
Q2 Homebuilding Gross Margin17.6%
Q2 Adjusted Homebuilding Gross Margin20.0%
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.)

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