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Century Communities (CCS)
NYSE:CCS
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.76Last Year’s EPS
2.22Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -1.77%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance in 2024 with record home deliveries, improved financial metrics, and strategic growth through acquisitions. However, challenges related to mortgage rate volatility and affordability were noted, requiring increased incentives to sustain sales. The outlook for 2025 is positive, with expected growth in deliveries and community count.Company Guidance
During Century Communities' fourth quarter and full year 2024 earnings call, the company provided guidance highlighting several key metrics. They reported a 15% year-over-year increase in full-year deliveries to a record 11,007 homes and a 28% increase in community count to 322. Fourth quarter deliveries reached 3,198 homes, with home sales revenues at $1.2 billion, both quarterly records. Despite mortgage rate volatility, the company improved its full-year adjusted gross margin by 80 basis points to 23.3% and reduced SG&A as a percentage of home sales revenues by 40 basis points. Adjusted net income increased by 36% year-over-year, with a fourth-quarter rise of 18%. Century Communities also repurchased over 3% of its shares and increased its quarterly dividend by 13%. They anticipate further growth in community count by mid to high single-digit percentages and delivery growth of 10% or more in the coming years. For 2025, they forecast full-year deliveries between 11,700 to 12,400 homes, with home sales revenue ranging from $4.5 billion to $4.8 billion.Record Home Deliveries and Community Count
Full-year 2024 deliveries increased 15% year-over-year to a record 11,007 homes, and community count increased 28% year-over-year to a company record of 322 communities.
Improved Financial Performance
Adjusted net income increased by 36% year-over-year, and fourth-quarter adjusted net income was up 18%. Adjusted gross margin improved by 80 basis points to 23.3%.
Strong Shareholder Returns
Repurchased over 3% of shares outstanding at the beginning of 2024 and increased quarterly dividend by 13%.
Strategic Growth and Expansion
Completed and fully integrated two acquisitions in 2024, contributing to growth and expansion within existing markets.
Positive Outlook for 2025
Guidance for 2025 includes a delivery increase of approximately 10% year-over-year at the midpoint, leveraging investments made at corporate and local levels.
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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 |
|---|---|---|---|
| Jan 29, 2025 | $74.59 | $78.20 | +4.84% |
| 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% |
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 Apr 23, 2025, TBA Not Confirmed.
What is Century Communities (CCS) earnings time?
Century Communities (CCS) earnings time is at Apr 23, 2025, TBA 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 2025 (Q1) is 1.76.
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