Century Communities Q1 2024 Adj EPS $2.22 Beats $1.39 Estimate, Sales $948.543M Beat $784.469M Estimate
Portfolio Pulse from Benzinga Newsdesk
Century Communities (NYSE:CCS) reported Q1 2024 adjusted EPS of $2.22, surpassing the $1.39 estimate, with sales of $948.543M also beating the $784.469M estimate, marking a 25.97% increase from the previous year.
April 24, 2024 | 8:10 pm
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Century Communities reported a significant beat on both earnings and sales estimates for Q1 2024, with a notable year-over-year sales increase.
Beating earnings and sales estimates by a wide margin, especially with a substantial year-over-year sales growth, is typically seen as a strong positive signal to investors. This outperformance could lead to increased investor confidence and a potential rise in stock price in the short term.
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