NYSE$CCS

Century Communities Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Century Communities reported record first quarter results driven by a robust demand environment that decelerated due to the COVID-19 pandemic.

Century Communities reported record first quarter results with total revenues increasing to $602.6 million. Net income increased 53% to $26.1 million, or $0.78 per diluted share. The company withdrew its full year 2020 outlook due to the uncertainty of the COVID-19 pandemic.

  • Total revenues increased to a record $602.6 million.
  • Net new home contracts increased 29% to a company record of 2,388 homes.
  • Home deliveries grew to a record 1,864 homes, a 12% increase.
  • Adjusted net income increased 45% to $26.7 million or $0.80 per diluted share and net income increased 53% to $26.1 million or $0.78 per diluted share

Headline financials

Total Revenue

$603M

Previous: $533M+13.0%
EPS (adj)

$0.80

Previous: $0.60+33.3%
Total Residential Units Delivered

1.9K

Previous: 1.7K+12.1%
Net New Home Contracts

2.4K

Previous: 1.9K+28.5%
Capital Expenditures

-$2.69M

Previous: -$3.27M+17.9%
Free Cash Flow

$23.4M

Previous: $13.8M+69.3%
Net Income

$26.1M

Previous: $17.1M+52.6%
Operating Income

$529M

Previous: $464M+13.8%
Gross Profit

$603M

Previous: $533M+13.0%
Cash & Equivalents

$451M

Previous: $38.1M+1083.2%
Total Assets

$2.91B

Previous: $2.32B+25.3%
Stock-Based Comp

$1.69M

Previous: $3.53M-52.3%

Revenue & EPS history

Century Communities · Revenue · Quarterly

$603M

Q1 2020+13%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Century Communities · $603M total across 3 segments · Q1 2020

  • Home Sales Revenues
    $573M
  • Land Sales and Other Revenues
    $20.1M
  • Financial Services Revenues
    $9.8M

Forward guidance

Due to the lack of visibility on the overall economic impact of COVID-19, and the related effects on homebuyer demand, Century Communities withdrew its previously communicated full year financial outlook for 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+2.0%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+2.9%

Avg return

30 days after

65%

31 / 48 earnings

Positive

+20.9%

Q4 2020

Best reaction

-9.8%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-7.7%-7.4%-18.6%
Q4 2025-0.2%+2.6%+5.1%
Q3 2025+7.2%+5.0%+0.5%
Q2 2025+0.2%-2.6%+3.2%
Q1 2025-6.1%-10.3%-11.7%
Q4 2024+4.8%+2.4%-6.9%
Q3 2024+1.5%-1.3%-4.1%
Q2 2024+0.4%+3.5%+4.5%
Q1 2024-6.5%-3.9%+0.1%
Q4 2023+5.2%+1.4%-1.5%
Q3 2023+3.2%+3.3%+21.2%
Q2 2023+3.0%+3.0%-5.0%
Q1 2023+0.2%-0.5%-2.8%
Q4 2022+0.9%-1.3%-1.6%
Q3 2022-9.8%-5.7%+1.2%
Q2 2022-2.5%-2.4%-6.4%
Q1 2022+4.5%+5.2%+5.1%
Q4 2021-3.0%-6.9%-1.4%
Q3 2021+4.4%+5.2%+10.4%
Q2 2021+10.6%+14.5%+14.4%
Q1 2021+13.6%+14.5%+23.4%
Q4 2020+20.9%+22.7%+19.4%
Q3 2020-0.1%-1.8%+9.5%
Q2 2020+1.1%-4.0%+1.5%
Q1 2020+11.8%+10.7%+54.2%
Q4 2019+11.4%+18.6%+5.2%
Q3 2019-7.5%-8.0%-12.7%
Q2 2019+2.9%+1.5%+3.3%
Q1 2019+12.3%+11.0%+6.2%
Q4 2018-3.2%+3.8%+0.3%
Q3 2018+1.7%-5.3%-8.9%
Q2 2018-1.0%-5.2%-5.3%
Q1 2018-0.7%-0.2%-2.6%
Q4 2017+8.5%+12.3%+4.3%
Q3 2017+1.6%-1.6%+5.7%
Q2 2017-4.2%-7.7%-14.0%
Q1 2017-1.3%-0.4%-4.8%
Q4 2016+3.3%+1.8%+12.2%
Q3 2016-2.5%+0.8%+3.0%
Q2 2016+12.7%+14.3%+12.2%
Q1 2016+0.9%
Q4 2015+1.1%
Q3 2015-3.0%
Q2 2015+7.3%
Q1 2015+0.5%
Q4 2014+7.8%
Q3 2014-9.3%
Q2 2014+1.0%
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro