NYSE$CCS

Century Communities Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported record results in Q1 2021 with net income increasing by 289% and total revenues increasing by 67%.

Century Communities reported record first quarter results, with net income increasing by 289% to $101.7 million and total revenues increasing by 67% to $1.0 billion. The company also saw a 50% increase in home deliveries and a 45% increase in net new home contracts.

  • Net income increased 289% to a company record $101.7 million or $3.00 per diluted share.
  • Total revenues increased 67% to a company record $1.0 billion.
  • Home deliveries increased 50% to a first quarter record of 2,797 homes.
  • Net new home contracts increased 45% to a company record 3,455 homes.

Headline financials

Total Revenue

$1.01B

Previous: $603M+67.4%
EPS (adj)

$3.00

Previous: $0.80+275.0%
Total Residential Units Delivered

2.8K

Previous: 1.9K+50.1%
Net Homebuilding Debt to Net Capital

19.9%

No prior period
Capital Expenditures

-$2.91M

Previous: -$2.69M-8.5%
Free Cash Flow

$98.7M

Previous: $23.4M+321.2%
Net Income

$102M

Previous: $26.1M+289.1%
Operating Income

$917M

Previous: $529M+73.4%
Gross Profit

$1.01B

Previous: $603M+67.4%
Cash & Equivalents

$503M

Previous: $451M+11.5%
Total Assets

$2.95B

Previous: $2.91B+1.4%
Stock-Based Comp

$3.02M

Previous: $1.69M+79.2%

Revenue & EPS history

Century Communities · Revenue · Quarterly

$1.01B

Q1 2021+67.4%vs Q1 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Century Communities · $1.01B total across 3 segments · Q1 2021

  • Home Sales Revenues
    $959M+67.5%
  • Financial Services Revenues
    $33.6M+243.2%
  • Land Sales and Other Revenues
    $15.7M-22.1%

Forward guidance

Century Communities increased its full year revenue guidance to be in the range of $3.7 billion to $4.0 billion and home deliveries to be in the range of 10,750 to 11,750.

Tailwinds

  • Improved sales
  • Increased deliveries
  • Home price appreciation
  • Revenue guidance increased to $3.7 - $4.0 billion
  • Home deliveries guidance increased to 10,750 - 11,750

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 2021

Historical avgQ1 2021

+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