Century Communities Q2 revenue beats estimates

Overview

• Century Communities Q2 revenue of $1.0 bln beats analyst expectations, per LSEG data

• Adjusted EPS for Q2 exceeds estimates

• Company's community count rose 23% YoY to a record 327

Outlook

• Century Communities revises 2025 home delivery guidance to 10,000-10,500 homes

• Company expects 2025 home sales revenue between $3.8 bln and $4.0 bln

• Century Communities anticipates mid-single digit increase in community count by year-end

Result Drivers

• HOME DELIVERIES - Deliveries increased by 13% sequentially due to customer incentives and successful sales closures, per Executive Chairman Dale Francescon

• COMMUNITY EXPANSION - Community count grew by 23% YoY to a record 327, indicating expansion and growth potential, per CEO Rob Francescon

• COST MANAGEMENT - Effective cost management and improved cycle times contributed to performance amidst market headwinds

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the homebuilding peer group is "buy."

• Wall Street's median 12-month price target for Century Communities Inc is $69.00, about 7.7% above its July 22 closing price of $63.72

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nPn1x2DrDa