AvalonBay Communities Inc expected to post earnings of $1.45 a share - Earnings Preview

AvalonBay Communities,.

02/11/2024 03:59

* AvalonBay Communities Inc  AVB.N   AVB  is expected
to show a
rise in quarterly revenue when it reports  results on November 4
for the period ending September 30 2024
    * The Arlington Virginia-based  company is expected to
report a
4.9% increase in revenue to $731.531 million from $697.6 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 $1.45 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 13
"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 234.00​, above​ its last closing price
of $216.28. ​​​

The company's guidance on July 31 2024 for the period ended
September 30 was for Funds Flow from Operations between USD2.66
and USD2.76.
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   2.71        2.71       2.77      Beat    2.1
 Mar. 31 0001  2.65        2.65       2.70      Beat    2
 Dec. 31 2023  2.75        2.74       2.63      Missed  -4.1​
 Jan. 1 0001   2.62        2.62       2.48      Missed  -5.4
 ​​Jan.        2.61        2.61       2.67      Beat    2.4
 1 0001                                                 
 Jan. 1 0001   2.54        2.55       2.54      Missed  -0.3​
 Jan. 1 0001   2.59        2.58       2.57      Missed  -0.6
 Sep. 30 2022  2.52        2.54       2.46      Missed  -3
 This summary was machine generated November 2 at 03:59 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)