Key Highlights

  • Consensus EPS of 1.20 compares with second-quarter diluted EPS of 1.26, against 1.14 a year earlier.
  • Consensus revenue of USD 949.83 million compares with second-quarter total revenues of USD 927,227 thousand, against USD 1,000,724 thousand.
  • The company delivered 2,506 new homes at an average sales price of USD 358.2 thousand, with deliveries down 3.1%.
  • Net new home contracts rose 2.7% to 2,615, and selling communities at period end were 330 against 327.

Century Communities (NYSE:CCS) reports third-quarter results on Wednesday, Oct. 28, after the market closes. Consensus stands at EPS of 1.20 on revenue of USD 949.83 million, and the company has a market capitalization of USD 1.63 billion.

Century Communities is a homebuilder with West, Mountain, Texas, Southeast and Century Complete segments, plus mortgage, title, insurance and escrow services. Second-quarter total revenues were USD 927,227 thousand against USD 1,000,724 thousand, and net income was USD 36,148 thousand against USD 34,854 thousand.

Estimates Against the Last Reported Quarter

The EPS estimate of 1.20 is below the second-quarter diluted EPS of 1.26, which compared with 1.14 a year earlier. The estimates table does not state its EPS basis. The revenue estimate of USD 949.83 million is above the USD 927,227 thousand reported, which compared with USD 1,000,724 thousand.

Basic EPS was 1.26 against 1.15. Home sales revenues were USD 897,528 thousand against USD 976,467 thousand, and financial services revenues were USD 25,444 thousand against USD 23,774 thousand.

What the Filing Gives and What the Sources Leave Open

The sources supplied include no earnings call transcript or published guidance, so there are no management ranges to set against the estimates. The filing carries no third-quarter figures.

The filing states that the tax law change disallows Section 45L tax credits for new energy-efficient homes delivered after June 30, 2026, so income tax expense for 2026 excludes a benefit from such credits for those deliveries.

Deliveries, Contracts and Pricing Detail

The company delivered 2,506 new homes against a decrease of 3.1% in deliveries, and the average sales price of USD 358.2 thousand was down 5.1%. The filing attributes the declines to slower absorption rates as a result of lower demand.

Net new home contracts were 2,615 against 2,546, and the average sales price of homes in backlog was USD 371.3 thousand against USD 382.9 thousand. Total owned and controlled lot inventory was 60,128 against 68,701.

Earnings Lines, Inventory and Leverage

Income before income tax expense was USD 49,068 thousand against USD 47,083 thousand, and adjusted EBITDA was USD 78,155 thousand against USD 86,476 thousand. Income tax expense was USD 12.9 million against USD 12.2 million.

The company ended the quarter with USD 92.3 million of cash and USD 329.6 million outstanding under its revolving line of credit. The homebuilding debt to capital ratio was 34.2% and total inventories were USD 3,598,982 thousand. Net income was USD 36,148 thousand against USD 34,854 thousand, and stockholders' equity was USD 2,565,751 thousand. The estimates table lists a market capitalization of USD 1.63 billion.

Comparisons to Make in the Report

Reported EPS against 1.20 and revenue against USD 949.83 million are the headline comparisons. Other markers are home deliveries, average sales price and net new contracts.