Earnings Preview For Century Communities
Portfolio Pulse from Benzinga Insights
Century Communities (NYSE:CCS) is expected to release its quarterly earnings report on January 31, 2024, with an estimated EPS of $2.28. Investors are looking for an earnings beat and positive guidance for future growth. Historically, CCS has seen share price increases following an earnings beat, with the last quarter resulting in a 5.82% rise. Over the past year, CCS shares have increased by 39.38%, trading at $88.38 as of January 29.
January 30, 2024 | 5:01 pm
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Century Communities is expected to report an EPS of $2.28 for the latest quarter. Positive past performance and share price increases following earnings beats suggest potential for a positive short-term impact if the company meets or exceeds expectations and provides favorable guidance.
Given Century Communities' history of exceeding EPS estimates and the subsequent positive share price reactions, there is a high likelihood of a similar outcome if they beat the EPS estimate again and issue strong guidance. The stock has performed well over the past year, which may contribute to investor optimism and could lead to a short-term price increase if the earnings report is favorable.
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RELEVANCE 100