CCS Earnings Prediction
The chart below shows how CCS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CCS sees a -1.70% change in stock price 10 days leading up to the earnings, and a +0.47% change 10 days following the report. On the earnings day itself, the stock moves by -1.44%. This data can give you a slight idea of what to expect for the next quarter's release.
CCS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.27B
5.63%
12.01%
Gross Margin
22.81%
-0.35%
-1.64%
Operating Margin
11.55%
-3.35%
0.52%
Net Margin
8.07%
6.61%
10.55%
EPS
3.20
13.07%
23.55%
No Data Available
CCS Earnings Analysis
Century Communities Inc Corporation (CCS.N) Earnings Conference Call
Positive
Record Home Deliveries: Full year 2024 deliveries increased 15% year over year to a record 11,007 homes, with 4th quarter deliveries of 3,198 homes and home sales revenues of $1,200,000,000, both quarterly records.
Annual Adjusted Net Income Growth: Adjusted net income for the full year increased by 36% year over year, with 4th quarter adjusted net income up 18%.
Community Count Increase: The community count increased by 28% year over year to a company record of 322 communities, supporting future growth.
Record Book Value Growth: Book value per share grew to a record $84.65, representing a 13% year over year increase, with stockholders' equity reaching $2,600,000,000.
Shareholder Returns and Dividends: Over $115,000,000 was returned to shareholders in 2024 through share repurchases and dividends, with a quarterly dividend increase of 13%.
Negative
Homebuilding Gross Margin Decline: In Q4 2024, homebuilding gross margin decreased to 20.6%, down from 21.7% in the prior quarter, primarily due to increased incentives on closed homes.
Average Sales Price Stability: The average sales price for Q4 2024 was approximately $390,000, which is flat compared to the previous year, indicating challenges in raising prices amidst affordability issues.
Incentives for New Orders: Incentives on new orders increased to approximately 900 basis points in Q4 2024, up from 700 basis points in Q3 2024, reflecting the need to maintain sales pace in a challenging market.
Projected Delivery Decline: For Q1 2025, expected deliveries are projected to decline on a sequential basis, aligning with typical seasonal patterns, which may indicate weaker demand.
Tax Rate Increase Impact: The tax rate is expected to rise to 25%-26% in 2025, primarily due to a reduced number of homes qualifying for tax credits, which could impact net income.
CCS FAQs
How does CCS typically perform around its earnings report dates?
Is Century Communities Inc (CCS) Q4 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
CCS Earning Call Sentiment
Earnings call transcript: Century Communities Q4 2024 beats EPS forecast
CCS.N
-2.88%Positive
The earnings call reflects strong financial performance with record deliveries, revenue, and net income. The company has increased guidance for 2024, indicating confidence in future growth. Shareholder returns are enhanced through dividends and repurchases, and financial health is solid with improved debt ratios and liquidity. Despite some concerns about regulatory issues and competitive pressures, the overall sentiment is positive. The market cap suggests a moderate reaction, leading to a 'Positive' prediction for stock price movement over the next two weeks.
