NYSE$CCS
Century Communities Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Century Communities reported first quarter results with deliveries of 1,912 homes and total revenue of $753.0 million.
Century Communities reported a net income of $33.3 million, or $1.04 per diluted share, on total revenues of $753.0 million. The company delivered 1,912 homes and increased its community count to a record 234. Increased 2023 guidance for deliveries and home sales revenues.
- Net income of $33.3 million, or $1.04 per diluted share
- Total revenues of $753.0 million
- Deliveries of 1,912 homes
- Community count increased to a record 234
Headline financials
Revenue & EPS history
Century Communities · Revenue · Quarterly
$753M
Revenue by segment
Century Communities · $753M total across 3 segments · Q1 2023
- Home Sales Revenues$736M-25.6%97.7%
- Financial Services Revenues$15.9M-39.7%2.1%
- Land Sales and Other Revenues$1.54M-5.8%0.2%
Forward guidance
Century Communities is increasing its full year 2023 guidance for home deliveries to be in the range of 7,250 to 8,250 homes and home sales revenues to be in the range of $2.7 billion to $3.2 billion.
Tailwinds
- Increased home starts throughout the first quarter
- Expect to generate higher gross margins in the second half of the year compared to the first
- Sales activity improvement in the first quarter
- Spec-based model and focus on entry-level homes positions them well
- Ability to increase community count to a range of 250-260 communities by year end
Headwinds
- Potential impact of global supply chain disruptions
- Labor, land and raw material or other resource shortages and delays
- Municipal and utility delays
- Threatened U.S. sovereign debt default on the Company’s business, industry and the broader economy
- Adverse changes in general economic conditions, including increased interest rates, inflation, and employment levels
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 2023
+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
| Quarter | Report date | Reaction (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 | — | — | — |
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