Overview

* Century Communities ( CCS ) Q3 revenue of $980.3 mln beats analyst expectations

* Adjusted EPS for Q3 beats consensus, reaching $1.52 per diluted share

* Company repurchased 296,903 shares for $20 mln, reducing shares outstanding by 6%from shares outstanding at the beginning of the year

Outlook

* Century Communities ( CCS ) expects full-year 2025 home deliveries of 10,000 to 10,250 homes

* Company forecasts 2025 home sales revenues between $3.8 bln and $3.9 bln

* Company anticipates interest rate relief to unlock buyer demand

Result Drivers

* COMMUNITY GROWTH - Increase in community count positioned Century to meet potential buyer demand

* COST MANAGEMENT - Adjusted homebuilding gross margin maintained through reductions in direct costs and limited incentive increases

* STRONG BALANCE SHEET - Century highlights strong financial position with $2.6 bln equity and $836 mln liquidity

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $980.3 $908.61

Revenue mln mln (3

Analysts

)

Q3 Beat $1.52 $0.79 (3

Adjusted Analysts

EPS )

Q3 EPS $1.25

Q3 Net $37.40

Income mln

Q3 17.9%

Homebuil

ding

Gross

Margin

Q3 20.1%

Adjusted

Homebuil

ding

Gross

Margin

Analyst Coverage

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

* The average consensus recommendation for the homebuilding peer group is "hold."

* Wall Street's median 12-month price target for Century Communities Inc ( CCS ) is $77.00, about 20.6% above its October 21 closing price of $61.10

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)