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In the latest trading session, Century Communities (CCS) closed at $77.87, marking a -2.47% move from the previous day. This move lagged the S&P 500's daily loss of 1.04%.
Prior to today's trading, shares of the single-family homebuilder had gained 25.02% over the past month. This has outpaced the Construction sector's gain of 9.02% and the S&P 500's gain of 3.83% in that time.
The company is expected to report EPS of $2.85, up 135.54% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.01 billion, up 30.7% from the prior-year quarter.
CCS's full-year Zacks Consensus Estimates are calling for earnings of $11.73 per share and revenue of $4.16 billion. These results would represent year-over-year changes of +88.59% and +31.71%, respectively.
It is also important to note the recent changes to analyst estimates for CCS. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 40.89% higher. CCS is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that CCS has a Forward P/E ratio of 6.81 right now. This represents a discount compared to its industry's average Forward P/E of 9.32.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 33, which puts it in the top 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Century Communities, Inc. (CCS) : Free Stock Analysis Report
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