Century Communities Q2 results beat estimates driven by higher order activity

Overview

• U.S. homebuilder's Q2 revenue rose, beating analyst expectations

• Adjusted EPS for Q2 beat analyst expectations

• Company repurchased $19.6 mln of shares during the quarter

Outlook

• Company raises 2026 home delivery guidance to 9,750-10,500 homes

• Century Communities expects 2026 home sales revenues of $3.5 bln to $3.8 bln

Result Drivers

• STRONGER ORDER ACTIVITY - Co said higher home deliveries and net orders were driven by stronger order activity and a record community count

• COST AND INVENTORY CONTROL - Adjusted homebuilding gross margin rose due to lower incentives and direct costs as co controlled costs and inventory levels

Company press release: ID:nPn7XNqJFa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the homebuilding peer group is "hold."

• Wall Street's median 12-month price target for Century Communities Inc is $79.00, about 23.8% above its July 21 closing price of $63.80

• The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)