NYSE$CCS
Century Communities Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Century Communities reported increased deliveries, gross margins and earnings.
Century Communities reported a net income of $83.2 million, or $2.58 per diluted share, and total revenues of $889.4 million. The company's deliveries totaled 2,264 homes, and net new home contracts were 2,149. They have increased their full year 2023 guidance for home deliveries to be in the range of 8,600 to 9,000 homes and their home sales revenues to be in the range of $3.2 billion to $3.4 billion.
- Pre-tax income of $112.0 million
- Net income of $83.2 million, or $2.58 per diluted share
- Total revenues of $889.4 million
- Community count increased to a record 252
Headline financials
Revenue & EPS history
Century Communities · Revenue · Quarterly
$889M
Revenue by segment
Century Communities · $843M total across 2 segments · Q2 2023
- Home Sales Revenues$818M-27.9%97.1%
- Financial Services Revenues$24.3M+6.6%2.9%
Forward guidance
Century Communities increased the midpoints of its full year 2023 guidance for home deliveries to be in the range of 8,600 to 9,000 homes and its home sales revenues to be in the range of $3.2 billion to $3.4 billion.
Tailwinds
- Home deliveries to be in the range of 8,600 to 9,000 homes
- Home sales revenues to be in the range of $3.2 billion to $3.4 billion
- Continued strength in deliveries
- Benefitted from improved cycle times
- Intends to continue investing in its business and returning capital to shareholders
Headwinds
- Adverse changes in general economic conditions, including increased interest rates, inflation, and employment levels
- Potential impact of global supply chain disruptions
- Labor, land and raw material or other resource shortages and delays
- Municipal and utility delays on the Company’s business, industry and the broader economy
- Ability to identify and acquire desirable land
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 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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