Century Communities Q1 revenue falls, misses estimates

Century Communities

22/04/2026 21:29

Overview

U.S. homebuilder's Q1 revenue declined and missed analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company raised quarterly dividend 10% and repurchased $40 mln in shares

Outlook

Century Communities lowers 2026 home delivery guidance to 9,500-10,500 homes

Company lowers 2026 home sales revenue forecast to $3.5 bln-$3.8 bln

Company says higher rates, gas prices and Middle East conflict weighing on demand

Result Drivers

MARKET HEADWINDS - Co said higher interest rates, gas prices, and weaker consumer sentiment weighed on order activity, especially in March

MARGIN IMPROVEMENT - Adjusted homebuilding gross margin rose sequentially due to lower incentives and direct costs, per CEO

LOWER CANCELLATIONS - Co reported a lower cancellation rate than most of 2025, indicating buyer commitment

Company press release: ID:nPn9bZPQya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$789.70 mln
$807.70 mln (4 Analysts)
Q1 Adjusted EPS
Beat
$0.88
$0.52 (4 Analysts)
Q1 EPS
$0.84
Q1 Net Income
$24.40 mln
Q1 Homebuilding Gross Margin
17.80%
Q1 Adjusted Homebuilding Gross Margin
19.70%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the homebuilding peer group is "hold."

Wall Street's median 12-month price target for Century Communities Inc is $79.00, about 23.8% above its April 21 closing price of $63.81

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)