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. Welcome ...

Century Communities (CCS) reported $1.14 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 27.8%. EPS of $2.72 for the same period compares to $2.58 a year ago.The reported revenue represents a surprise of +4.08% over the Zacks Consensus Estimate of $1.09 billion. With the consensus EPS estimate being $2.55, the EPS surprise was +6.67%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36491 | --- | --- | --- | --- | |-------|-------------------------------------------------------------------------------------------|------------------------ ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.67%. A quarter ago, it was expected that this single-family homebuilder would post earnings of $2.46 per share when it actually produced earnings of $2.65, delivering a surprise of 7.72%.Over the last four qua ...

Century Communities Reports Third Quarter 2024 Results - Home Sales Revenues of $1.1 Billion Increased 29% YoY - - Deliveries of 2,834 Homes Increased 25% YoY - - Net New Home Contracts of 2,563 Increased 19% YoY - - Community Count of 305, a Company Record, Increased 21% YoY - Greenwood Village, Colorado (October 23, 2024) – Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced financial results for its third quarter ended September 30, 2024. Third Quarter 2024 Hi ...

- Home Sales Revenues of $1.1 Billion Increased 29% YoY -- Deliveries of 2,834 Homes Increased 25% YoY -- Net New Home Contracts of 2,563 Increased 19% YoY -- Community Count of 305, a Company Record, Increased 21% YoY - GREENWOOD VILLAGE, Colo., Oct. 23, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced financial results for its third quarter ended September 30, 2024.Third Quarter 2024 HighlightsNet income of $83.0 million, or $2.59 per di ...

U.S. homebuilders are a lot more confident than they were earlier in the year as inflationary pressures continue to ease. With the Federal Reserve finally beginning its easing cycle last month with a jumbo rate cut, homebuilders are confident that mortgage rates will ease in the near term and will boost sales.Given this situation, investing in homebuilding stocks like KB Home (KBH) , Toll Brothers Inc. (TOL) , Century Communities, Inc. (CCS) and Tri Pointe Homes, Inc. (TPH) would be an ideal choice.Homebuil ...

Core Insights - Century Communities, Inc. is expanding its new home offerings in the Greater Nashville area with several new communities to meet the demand for quality homes in fast-growing locations [1][2] - The company is recognized as a leader in online home sales and has been featured on Newsweek's lists of America's and the World's Most Trustworthy Companies [1][8] New Communities Overview - **Slatewood in Murfreesboro**: Opening in November, offering single-family homes starting from the $700s, with floor plans featuring 4 to 5 bedrooms and up to 3,864 square feet [3] - **Averitt Landing in Lebanon**: Currently under construction and pre-selling from the low $500s, featuring homes with 4 to 5 bedrooms and up to 3,271 square feet [4] - **Canebrake at Hickory Hills in Old Hickory**: Under construction and pre-selling from the high $400s, offering homes with 3 to 5 bedrooms and up to 3,271 square feet [4] - **Morgan's Place in Ashland City**: Now selling from the high $300s, featuring single-family homes with 3 to 4 bedrooms and up to 2,570 square feet [5] - **Highland Reserves in Pleasant View**: Now selling from the high $400s, offering homes with 4 to 5 bedrooms and up to 3,271 square feet [5] Online Homebuying Experience - Century Communities offers an industry-first online homebuying experience, allowing customers to shop and purchase homes electronically [6][7] - The process includes selecting a home, filling out a form, submitting a deposit, and signing a contract electronically [7] Company Background - Century Communities is one of the largest homebuilders in the U.S., operating in 18 states and over 45 markets, and also provides title, insurance, and lending services through its subsidiaries [8]

Century Communities, Inc. (CCS) is set to report its third-quarter 2024 results on Oct. 23 after market close.In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 7.7% and increased 65.6% year over year. Net sales missed the consensus mark by 0.4% but increased 23.1% from the prior-year quarter’s level.Find the latest earnings estimates and surprises on Zacks Earnings Calendar.CCS’ bottom line topped the consensus mark in each of the trailing four quarters, with an avera ...

Builder confidence is showing a sign of improvement as inflation gradually eases and homebuilders expect mortgage rates to stabilize in the coming months. This shift in sentiment marks a positive trend for the housing market, with builders feeling more optimistic despite ongoing affordability and higher home price challenges. Builder confidence has increased for the second consecutive month, indicating a significant shift in sentiment among builders. HMI Indices and Price Reduction Trends According to the N ...