Century Communities (CCS) came out with quarterly earnings of $1.36 per share, missing the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $2.22 per share a year ago.
Century Communities (CCS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CCS' fourth-quarter 2024 results reflect record quarterly home deliveries.
Century Communities, Inc. (NYSE:CCS ) Q4 2024 Earnings Conference Call January 29, 2024 5:00 PM ET Company Participants Tyler Langton - SVP, IR Dale Francescon - Executive Chairman Rob Francescon - CEO and President Scott Dixon - CFO Conference Call Participants Carl Reichardt - BTIG Jay McCanless - Wedbush Alan Ratner - Zelman & Associates Michael Rehaut - JPMorgan Operator Greetings. Welcome to Century Communities' Fourth Quarter and Full Year 2024 Earnings Conference Call.
The headline numbers for Century Communities (CCS) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Century Communities (CCS) came out with quarterly earnings of $3.49 per share, beating the Zacks Consensus Estimate of $3.21 per share. This compares to earnings of $2.93 per share a year ago.
Century Communities shares have dropped 32.1% since late September 2024, underperforming the S&P 500 and the SPDR S&P Homebuilders ETF. Despite recent declines, Century Communities remains a "buy" due to strong fundamentals, with revenue and profitability showing positive trends over the long term. Analysts expect Q4 2024 results to show revenue growth and improved profits, driven by higher deliveries and home prices.
I downgrade CCS from buy to hold due to a changing macro environment and the stock reaching my target price. Century Communities reported strong 3Q24 earnings with $1.137 billion in revenue and $2.59 adj EPS, but margins are compressing. Declining inflation and Fed rate cuts are reversing previous tailwinds, potentially reducing demand for CCS homes.
Century Communities (CCS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Century Communities, Inc. (NYSE:CCS ) Q3 2024 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Tyler Langton - SVP, IR Dale Francescon - Chairman and Co-CEO Rob Francescon - Co-CEO and President Scott Dixon - CFO Conference Call Participants Carl Reichardt - BTIG Ken Zener - Seaport Research Partners Alex Rygiel - B. Riley FBR Alan Ratner - Zelman & Associates Jay McCanless - Wedbush Securities Andrew Azzi - JP Morgan Alex Barron - Housing Research Center Operator Greetings.
The headline numbers for Century Communities (CCS) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Century Communities (CCS) came out with quarterly earnings of $2.72 per share, beating the Zacks Consensus Estimate of $2.55 per share. This compares to earnings of $2.58 per share a year ago.