Century Communities (CCS) Tops Q1 EPS by 16c

Century Communities (NYSE: CCS) reported Q1 EPS of $0.80, $0.16 better than the analyst estimate of $0.64. Revenue for the quarter came in at $602.6 million versus the consensus estimate of $544.9 million.

Withdrawing Full Year 2020 Outlook

David Messenger, Chief Financial Officer of the Company, commented, “We are well prepared operationally and financially to face the unprecedented macro-economic impacts from the evolving COVID-19 crisis. While the extent and duration of the pandemic remains uncertain, we will continue to manage our operations and balance sheet with a safety-first emphasis. Given the lack of visibility on the overall economic impact of COVID-19, and the related effects on homebuyer demand, we are withdrawing our previously communicated full year financial outlook for 2020.”

For earnings history and earnings-related data on Century Communities (CCS) click here.

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