Century Communities (CCS) reported Q1 adjusted earnings late Wednesday of $1.36 per diluted share, down from $2.22 a year earlier.

Four analysts polled by FactSet expected $1.70.

Revenue for the quarter ended March 31 was $903.2 million, down from $948.5 million a year earlier.

Four analysts surveyed by FactSet expected $912.4 million.

The company said it now expects 2025 home sales revenue of $4 billion to $4.2 billion, down from $4.5 billion to $4.8 billion previously.

Century Communities shares fell more than 5% in premarket activity Thursday.