Century Communities (NYSE:CCS) reported Q1 EPS of $4.20, $0.51 better than the analyst estimate of $3.69. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1.05 billion.
Full Year 2022 Outlook:
David Messenger, Chief Financial Officer of the Company, commented, "Given our first quarter performance, record backlog, number of homes under construction, low levels of supply in our markets and planned community openings, we are reaffirming our full year closing guidance of 11,500 to 12,500 homes, home sales revenues to be in the range of $4.3 billion to $4.9 billion and our year end selling communities to be in the range of 240 to 250 with the majority of our new community openings occurring in the third and fourth quarters."
For earnings history and earnings-related data on Century Communities (CCS) click here.