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Century Communities (CCS)
NYSE:CCS
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Earnings Data
Report Date
Jan 29, 2025After Close Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$3.16Last Year’s EPS
$2.93Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: -17.20%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Positive
The earnings call reflects positive growth in community count, deliveries, and revenue, demonstrating strong operational performance and strategic expansion. However, challenges such as increased incentives and moderated orders due to higher mortgage rates indicate areas of concern. Despite these challenges, overall growth and strategic positioning provide an optimistic outlook.Company Guidance
During the Century Communities third quarter 2024 earnings call, the company reported a significant increase in several key metrics. The community count reached a record high of 305, marking a 21% year-over-year and 15% sequential increase. Home deliveries hit a third-quarter record of 2,834, up 25% from the previous year and 8% from the prior quarter, contributing to home sales revenues of $1.1 billion, which represented a 29% year-over-year and 10% quarter-over-quarter rise. The adjusted homebuilding gross margin was 23.6%, while SG&A expenses as a percentage of home sales revenues dropped by 100 basis points year-over-year. Net new contracts saw a 19% increase, with notable regional growth in the West (36%), Texas (20%), and Century Complete (17%). The average sales price was $394,000, with 93% of deliveries priced below FHA limits. Looking ahead, the company anticipates delivery growth of 10% or more annually, driven by acquisitions and organic growth, while maintaining a focus on affordability.Community Count and Deliveries Growth
Community count increased by 21% year-over-year and 15% sequentially to a record 305 communities. Deliveries of 2,834 homes were a third quarter record, increasing 25% versus the prior year quarter and 8% quarter-over-quarter.
Revenue and Sales Growth
Home sales revenues reached $1.1 billion, up 29% year-over-year and 10% sequentially. Third quarter net new contracts increased by 19% year-over-year.
Lot and Community Expansion
Over 80,000 owned and controlled lots, a 17% increase year-over-year. Controlled lots increased by 16% year-over-year, accounting for 55% of total lots.
Recognition for Trustworthiness
Century earned a spot on Newsweek's list of the world's Most Trustworthy Companies 2024 and was the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024.
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CCS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CCS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $91.49 | $93.88 | +2.61% |
| Jul 24, 2024 | $96.37 | $99.54 | +3.29% |
| Apr 24, 2024 | $81.67 | $77.88 | -4.64% |
| Jan 31, 2024 | $85.95 | $92.47 | +7.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Century Communities (CCS) report earnings?
Century Communities (CCS) is schdueled to report earning on Jan 29, 2025, After Close Not Confirmed.
What is Century Communities (CCS) earnings time?
Century Communities (CCS) earnings time is at Jan 29, 2025, After Close Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CCS EPS forecast?
CCS EPS forecast for the fiscal quarter 2024 (Q4) is $3.16.
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