NYSE$CCS
Century Communities Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported record earnings and increased revenue driven by home deliveries and price appreciation.
Century Communities reported a record third quarter with net income increasing by 27% to $144.5 million, or $4.44 per diluted share. Total revenues also increased by 19% to $1.1 billion. The company delivered 2,630 homes, a 13% increase year over year. Return on equity improved by 270 basis points to 33.2%.
- Net income increased 27% to $144.5 million, or $4.44 per diluted share, both third quarter records.
- Total revenues increased 19% to a third quarter record $1.1 billion.
- Deliveries of 2,630 homes, a 13% increase and third quarter record.
- Return on equity improved by 270 basis points to 33.2%.
Headline financials
Revenue & EPS history
Century Communities · Revenue · Quarterly
$1.14B
Revenue by segment
Century Communities · $1.14B total across 2 segments · Q3 2022
- Home Sales Revenues$1.12B+21.9%98.0%
- Financial Services Revenues$23.3M-20.0%2.0%
Forward guidance
Given the continued industry-wide slowdown in current activity, we are reducing our full year home delivery guidance to 10,000 to 10,500 homes and home sales revenues to $4.2-4.4 billion. Given our decision to deliberately delay new community openings, we now expect our year end selling communities to be below our previous guidance of 240-250.
Tailwinds
- Focusing on projects that meet stringent investment criteria
- Continuing to see demand for homes with near-term completions
- Matching starts with sales
- Adjusting product offering towards more affordably priced homes
- Taking steps to reduce costs
Headwinds
- Industry-wide slowdown in current activity
- Reducing full year home delivery guidance to 10,000 to 10,500 homes
- Reducing home sales revenues guidance to $4.2-4.4 billion
- Deliberately delaying new community openings
- Expect year end selling communities to be below previous guidance of 240-250
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 Q3 2022
+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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