Century Communities, Inc. (NYSE:CCS) is reporting third quarter earnings results on Wednesday 28th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.93 per share.
For the full year, analysts predict revenues of $ 2937.42 million, while looking forward to income of $ 4.33 per share.
Previous Quarter Performance
Century Communities, Inc. unveiled income for the second quarter of $ 1.21 per share, from the revenue of $ 776.44 million. The quarterly earnings up 57.14 percent while revenues gained 35.14 percent compared with the same quarter last year.
According to street consensus, CCS was expected to report 2Q20 income of $ 0.69 per share from revenue of $ 572.69 million. The bottom line results beat street analysts by $ 0.52 or 75.36 percent, at the same time, top line results outshined analysts by $ 203.75 million or 35.58 percent.
Stock Performance
Shares of Century Communities, Inc. traded low $ -1.83 or -4.25 percent on Tuesday, reaching $ 41.25 with volume of 226.30 thousand shares. Century Communities, Inc. has traded high as $ 43.08 and has cracked $ 40.85 on the downward trend
According to the previous trading day, closing price of $ 41.25, representing a 376.55 % increase from the 52 week low of $ 9.04 and a 9.46 % decrease over the 52 week high of $ 47.58.
The company has a market capital of $ 1.38 billion and is part of the Consumer Cyclical sector and Residential Construction industry.
Recent Analyst recommendations
- On 8th October 2020, upgraded by JPMorgan Chase & Co. to Overweight from Neutral rating.
Conference Call
Century Communities, Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.centurycommunities.com
Century Communities, Inc. engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its home buyers.
