Avalonbay Communities 2Q Earnings Pregame Scorecard

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Having topped analysts' estimates last quarter by 4 cents per share, Avalonbay Communities (NYSE:AVB) is expected to deliver its latest earnings on Wednesday, July 25, 2012.

Expectations

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Analysts currently expect Avalonbay Communities to come in with earnings of $1.35 per share on revenues of $257.3 million. Estimates from analysts range from earnings per share to earnings per share. Over the past three months, the average estimate has moved up from $1.34.

Stock Movement

In terms of price changes, the stock's best recent streak was when it gained $5.83 per share between July 11, 2012 and July 13, 2012.

Company Fundamental Trends The impending earnings announcement offers the opportunity expand on positive earnings momentum gained over last three quarters. Net income rose 81.8% in the third quarter of the last fiscal year and 1095.4% in the fourth quarter of the last fiscal year before increasing again in the first quarter. On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 11% in the second quarter of the last fiscal year, 17.7% in the third quarter of the last fiscal year and 4.5% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

Stock Ratings

Analysts are split on Avalonbay Communities, but six of 16 analysts rate it hold. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Last Quarter's Results

In the first quarter, profit rose 90.4% to $57.8 million (60 cents a share) from $30.3 million (35 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 6.6% to $252 million from $236.3 million.

Summary

Reporting Period: 2Q

Date of Release: Wednesday, July 25, 2012

EPS: $1.35

Revenue Estimate: $257.3 million

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)