Compared to Estimates, Century Communities (CCS) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, Century Communities (CCS) reported revenue of $889.42 million, down 22.3% over the same period last year. EPS came in at $2.58, compared to $4.44 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $801.87 million, representing a surprise of +10.92%. The company delivered an EPS surprise of +62.26%, with the consensus EPS estimate being $1.59.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Century Communities performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Backlog - Homes: 1,887 versus the three-analyst average estimate of 2,545.
Home Deliveries - Homes: 2,264 versus the three-analyst average estimate of 2,087.
Home Deliveries - Average Sales Price: $382.10 versus $373.57 estimated by three analysts on average.
Net New Home Contracts: 2,149 versus 2,068 estimated by two analysts on average.
Selling Communities at period end: 252 compared to the 244 average estimate based on two analysts.
Revenues- Financial services revenues: $23.64 million compared to the $18.90 million average estimate based on three analysts. The reported number represents a change of +1.6% year over year.
Revenues- Total homebuilding revenues: $865.79 million versus $782.93 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -22.8% change.
Revenues- Home sales revenues: $865.07 million compared to the $779.43 million average estimate based on three analysts. The reported number represents a change of -22.7% year over year.
Revenues- Land sales and other revenues: $0.72 million versus the two-analyst average estimate of $5.25 million. The reported number represents a year-over-year change of -70.3%.
View all Key Company Metrics for Century Communities here>>>
Shares of Century Communities have returned -9% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Century Communities, Inc. (CCS) : Free Stock Analysis Report
