NYSE$CCS
Century Communities Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported strong third quarter with increased home sales revenues and deliveries.
Century Communities reported a strong third quarter in 2024, with home sales revenues reaching $1.1 billion, a 29% increase year-over-year. Deliveries of 2,834 homes marked a company record for the third quarter, up 25% year-over-year. Net new home contracts also saw growth, increasing by 19% to 2,563. The company's community count reached a record 305, reflecting a 21% increase year-over-year.
- Net income was $83.0 million, or $2.59 per diluted share.
- Total revenues reached $1.1 billion.
- Deliveries totaled 2,834 homes, setting a new company record for the third quarter.
- Net new home contracts increased to 2,563.
Headline financials
Revenue & EPS history
Century Communities · Revenue · Quarterly
$1.14B
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 its full year 2024 guidance for home deliveries to be in the range of 10,900 to 11,300 homes and home sales revenues to be in the range of $4.3 to $4.4 billion.
Tailwinds
- Increased full year 2024 guidance for home deliveries.
- Increased full year 2024 guidance for home sales revenues.
- Strong growth in net new contracts.
- Solid demand for affordable new homes.
- Deepening share in existing markets.
Headwinds
- Adverse changes in general economic conditions.
- Increased interest rates.
- Inflation.
- Employment levels.
- Global supply chain disruptions.
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 2024
+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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