Century Communities Q2 EPS $1.60 Beats $0.97 Estimate, Sales $844.19M Beat $721.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
Century Communities (NYSE:CCS) reported Q2 earnings of $1.60 per share, beating the analyst consensus estimate of $0.97 by 64.95%. However, this is a 66.53% decrease from the same period last year. The company also reported quarterly sales of $844.19 million, beating the analyst consensus estimate of $721.37 million by 17.03%, but this is a 27.60% decrease from the same period last year.
July 26, 2023 | 8:07 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Century Communities reported better than expected Q2 earnings and sales, but both figures are significantly lower than the same period last year.
While Century Communities beat Q2 estimates, the significant decreases in earnings and sales compared to the same period last year could potentially offset any positive impact from beating estimates. This could lead to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100