Overview
Century Communities Q3 revenue of $980.3 mln beats analyst expectations
Adjusted EPS for Q3 beats consensus, reaching $1.52 per diluted share
Company repurchased 296,903 shares for $20 mln, reducing shares outstanding by 6% from shares outstanding at the beginning of the year
Outlook
Century Communities expects full-year 2025 home deliveries of 10,000 to 10,250 homes
Company forecasts 2025 home sales revenues between $3.8 bln and $3.9 bln
Company anticipates interest rate relief to unlock buyer demand
Result Drivers
COMMUNITY GROWTH - Increase in community count positioned Century to meet potential buyer demand
COST MANAGEMENT - Adjusted homebuilding gross margin maintained through reductions in direct costs and limited incentive increases
STRONG BALANCE SHEET - Century highlights strong financial position with $2.6 bln equity and $836 mln liquidity
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$980.3 mln
$908.61 mln (3 Analysts)
Q3 Adjusted EPS
Beat
$1.52
$0.79 (3 Analysts)
Q3 EPS
$1.25
Q3 Net Income
$37.40 mln
Q3 Homebuilding Gross Margin
17.9%
Q3 Adjusted Homebuilding Gross Margin
20.1%
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "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 $77.00, about 20.6% above its October 21 closing price of $61.10
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago
Press Release: ID:nPn9B4XmNa
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(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.)