Century Communities Q3 Adj EPS $2.58 Beats $1.64 Estimate, Sales $889.42M Beat $785.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
Century Communities (NYSE:CCS) reported Q3 adjusted earnings of $2.58 per share, beating the analyst consensus estimate of $1.64 by 57.32%. However, this is a 41.89% decrease from the same period last year. The company also reported quarterly sales of $889.42 million, surpassing the analyst consensus estimate of $785.15 million by 13.28%, but this is a 22.25% decrease from the same period last year.
October 25, 2023 | 8:28 pm
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NEUTRAL IMPACT
Century Communities reported better than expected Q3 earnings and sales, but both figures are down from the same period last year.
Century Communities reported Q3 earnings and sales that beat estimates, which is positive news. However, the fact that both earnings and sales are down from the same period last year could offset this positive impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100