Century Communities (CCS) Tops Q1 EPS by 15c, Offers Outlook

May 2, 2019 4:39 PM EDT

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Century Communities (NYSE: CCS) reported Q1 EPS of $0.60, $0.15 better than the analyst estimate of $0.45. Revenue for the quarter came in at $523.3 million versus the consensus estimate of $461.75 million.

GUIDANCE:

Century Communities sees FY2019 revenue of $2.2-2.5 billion, versus the consensus of $2.25 billion.

David Messenger, Chief Financial Officer of the Company, commented, “We are optimistic on the prospects for continued growth in our overall business and long-term housing fundamentals. Given better visibility across our footprint during the first quarter 2019, we introduce our full year outlook for home deliveries to be in the range of 7,000 to 8,000 homes and our home sales revenues to be in the range of $2.2 billion to $2.5 billion.”

For earnings history and earnings-related data on Century Communities (CCS) click here.



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