Century Communities (CCS) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - Century Communities reported revenue of $1.27 billion for the quarter ended December 2024, reflecting a year-over-year increase of 5.6% [1] - The company's EPS was $3.49, up from $2.93 in the same quarter last year, surpassing the consensus estimate of $3.21 by 8.72% [1] Financial Performance - Revenue of $1.27 billion was slightly below the Zacks Consensus Estimate of $1.3 billion, resulting in a surprise of -1.68% [1] - Financial services revenues reached $26.22 million, exceeding the average estimate of $23.02 million by 59.3% year-over-year [4] - Total homebuilding revenues were reported at $1.25 billion, slightly below the average estimate of $1.27 billion, marking a 4.9% increase year-over-year [4] - Home sales revenues also totaled $1.25 billion, again below the average estimate of $1.27 billion, with a year-over-year increase of 5.2% [4] - Land sales and other revenues were reported at $0.51 million, significantly lower than the average estimate of $1.50 million, reflecting an 86.3% decline year-over-year [4] Operational Metrics - Home deliveries totaled 3,198, which was below the estimated average of 3,270 [4] - The average sales price for homes delivered was $389.80, slightly above the estimated average of $386.99 [4] - The backlog of homes stood at 850, compared to the average estimate of 1,040 [4] - Net new home contracts were reported at 2,467, below the average estimate of 2,715 [4] - The number of selling communities at period end was 322, exceeding the average estimate of 310 [4] Stock Performance - Shares of Century Communities have returned +4.4% over the past month, outperforming the Zacks S&P 500 composite's +1.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]