Century Communities (CCS - Free Report) reported $752.99 million in revenue for the quarter ended March 2023, representing a year-over-year decline of 25.9%. EPS of $1.04 for the same period compares to $4.20 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $632.57 million, representing a surprise of +19.04%. The company delivered an EPS surprise of +38.67%, with the consensus EPS estimate being $0.75.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:
- Number of homes delivered: 1912 compared to the 1566.67 average estimate based on three analysts.
- Average sales price of homes delivered: $384.70 compared to the $389.82 average estimate based on three analysts.
- Revenues- Financial services: $15.86 million compared to the $18.40 million average estimate based on three analysts. The reported number represents a change of -39.7% year over year.
- Revenues- Home sales: $735.60 million versus the three-analyst average estimate of $610.67 million. The reported number represents a year-over-year change of -25.6%.
- Revenues- Total homebuilding: $737.14 million compared to the $614.17 million average estimate based on three analysts.
View all Key Company Metrics for Century Communities here>>>Shares of Century Communities have returned +6.9% over the past month versus the Zacks S&P 500 composite's +2.6% 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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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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Century Communities (CCS - Free Report) reported $752.99 million in revenue for the quarter ended March 2023, representing a year-over-year decline of 25.9%. EPS of $1.04 for the same period compares to $4.20 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $632.57 million, representing a surprise of +19.04%. The company delivered an EPS surprise of +38.67%, with the consensus EPS estimate being $0.75.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:
- Number of homes delivered: 1912 compared to the 1566.67 average estimate based on three analysts.
- Average sales price of homes delivered: $384.70 compared to the $389.82 average estimate based on three analysts.
- Revenues- Financial services: $15.86 million compared to the $18.40 million average estimate based on three analysts. The reported number represents a change of -39.7% year over year.
- Revenues- Home sales: $735.60 million versus the three-analyst average estimate of $610.67 million. The reported number represents a year-over-year change of -25.6%.
- Revenues- Total homebuilding: $737.14 million compared to the $614.17 million average estimate based on three analysts.
View all Key Company Metrics for Century Communities here>>>Shares of Century Communities have returned +6.9% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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