Avalonbay Communities Earnings: What Investors Should Watch
Avalonbay Communities (NYSE:AVB) will report earnings after markets close on Wednesday, July 24th. AvalonBay Communities, Inc. is a self-managed, fully-integrated multi-family real estate investment trust. The Company focuses on the ownership and operation of institutional-quality apartment communities in high barrier-to-entry markets of the United States. The markets are located in Northern and South California and in the Mid-Atlantic, Northeast, Midwest and Pacific Northwest region.
Here is your Cheat Sheet to Avalonbay Communities Earnings:
Earnings Expectations: Analysts expect earnings of $1.52 per share on revenues of $396.74 million. Currently, the company’s P/E ratio stands at 33.08.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.6 to a profit $1.48. For the current year, the average estimate is a profit of $5.14, which is better than the estimate ninety days ago.
Here’s how Avalonbay Communities has been performing on an annual basis:
|Revenue ($) in millions||854||852||895||969||1,039|
|Diluted EPS ($)||5.17||1.93||2.07||4.87||4.32|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||258.80||271.90||271.30||312.13|
|Diluted EPS ($)||1.63||0.89||1.19||0.63|
Avalonbay Communities has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)