Century Communities (CCS - Free Report) reported $948.54 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 26%. EPS of $2.22 for the same period compares to $1.04 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $791.67 million, representing a surprise of +19.82%. The company delivered an EPS surprise of +43.23%, with the consensus EPS estimate being $1.55.
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:
- Home Deliveries - Homes: 2,358 compared to the 2,046 average estimate based on three analysts.
- Home Deliveries - Average Sales Price: $391.20 compared to the $377.13 average estimate based on three analysts.
- Backlog - Homes: 1,590 versus 1,967 estimated by two analysts on average.
- Net New Home Contracts: 2,866 versus 2,911 estimated by two analysts on average.
- Selling Communities at period end: 253 versus 256 estimated by two analysts on average.
- Revenues- Financial services revenues: $24.93 million versus $17.36 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +57.2% change.
- Revenues- Total homebuilding revenues: $923.62 million versus $774.34 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +25.3% change.
- Revenues- Home sales revenues: $922.40 million versus the three-analyst average estimate of $771.67 million. The reported number represents a year-over-year change of +25.4%.
- Revenues- Land sales and other revenues: $1.22 million compared to the $4 million average estimate based on two analysts. The reported number represents a change of -20.8% year over year.
View all Key Company Metrics for Century Communities here>>>Shares of Century Communities have returned -9.8% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
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Century Communities (CCS - Free Report) reported $948.54 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 26%. EPS of $2.22 for the same period compares to $1.04 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $791.67 million, representing a surprise of +19.82%. The company delivered an EPS surprise of +43.23%, with the consensus EPS estimate being $1.55.
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:
- Home Deliveries - Homes: 2,358 compared to the 2,046 average estimate based on three analysts.
- Home Deliveries - Average Sales Price: $391.20 compared to the $377.13 average estimate based on three analysts.
- Backlog - Homes: 1,590 versus 1,967 estimated by two analysts on average.
- Net New Home Contracts: 2,866 versus 2,911 estimated by two analysts on average.
- Selling Communities at period end: 253 versus 256 estimated by two analysts on average.
- Revenues- Financial services revenues: $24.93 million versus $17.36 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +57.2% change.
- Revenues- Total homebuilding revenues: $923.62 million versus $774.34 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +25.3% change.
- Revenues- Home sales revenues: $922.40 million versus the three-analyst average estimate of $771.67 million. The reported number represents a year-over-year change of +25.4%.
- Revenues- Land sales and other revenues: $1.22 million compared to the $4 million average estimate based on two analysts. The reported number represents a change of -20.8% year over year.
View all Key Company Metrics for Century Communities here>>>Shares of Century Communities have returned -9.8% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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