AvalonBay Communities Inc expected to post earnings of $1.26 a share - Earnings Preview

AvalonBay Communities,.

29/07/2024 22:21

* AvalonBay Communities Inc  AVB.N   AVB  is expected
to show a
rise in quarterly revenue when it reports  results on July 31
for the period ending June 30 2024
    * The Arlington Virginia-based  company is expected to
report a
14.0% increase in revenue to $718.005 million from $629.88
million a year ago, according to the mean estimate from 13
analysts, based on LSEG data. (Revenue consensus is on Rental
and other income basis)
    * ​LSEG's mean analyst estimate for AvalonBay Communities
Inc is
for earnings of $1.26 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 14
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for AvalonBay
Communities Inc is $210.00​, above​ its last closing price
of $208.32. ​​​

The company's guidance on April 25 2024 for the period ended
June 30 was for Funds Flow from Operations between USD2.63 and
USD2.73.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   2.65        2.65       2.70      Beat    2
 Dec. 31 0001  2.75        2.74       2.63      Missed  -4.1
 Jan. 1 0001   2.62        2.62       2.48      Missed  -5.4​
 Jun. 30 2023  2.61        2.61       2.67      Beat    2.4
 ​​Jan.        2.54        2.55       2.54      Missed  -0.3
 1 0001                                                 
 Dec. 31 2022  2.59        2.58       2.57      Missed  -0.6​
 Sep. 30 2022  2.52        2.54       2.46      Missed  -3
 Jun. 30 2022  2.36        2.36       2.41      Beat    2
 This summary was machine generated July 29 at 21:21 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)