AvalonBay Communities Earnings Preview: Analyts Expect Higher Earnings, Revenue from Prior Quarter

AvalonBay Communities AVB announces its next round of earnings this Wednesday, July 27, 2011. Get prepared with Benzinga's ultimate preview for AvalonBay Communities' second quarter earnings.

Earnings and Revenue:

Analysts are predicting an EPS reading of $1.12 per share and revenues of $241.9 million. Wall Street will be looking to see how this quarter's numbers compare to the year-ago quarter's positive EPS of $1.04 per share on revenues of $218.8 million. We'll know on Wednesday whether AvalonBay Communities has managed the estimated 7.7% increase in EPS and 10.6% rise in revenues on a year-over-year basis.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter	Q1	Q4	Q3	Q2
EPS Estimate	$1.05	$1.01	$0.96	$1.00
EPS Actual	$1.08	$1.01	$0.98	$1.04

Stock Performance:

At last check, shares of AvalonBay Communities were trading at $139.03. Shares are up 25.3% year to date. For a full 12 months, the return has risen by 28.5%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

• Long-term shareholders are already enjoying 12-month gains prior to the announcement

Average Stock Rating:

The average rating by analysts for AvalonBay Communities is a Hold. The strength of this rating has declined slightly over the past three months.

Competitors:

Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of AvalonBay Communities' peers.

• Apartment Investment and Management AIV: Hold with a $0.39 recent quarter EPS
• BRE Properties BRE: Hold with a $0.53 recent quarter EPS
• Colonial Properties CLP: Hold with a $0.27 recent quarter EPS
• Camden Property CPT: Hold with a $0.72 recent quarter EPS

AvalonBay Communities is in the REIT-equity trust/residential industry, which has experienced price/earnings growth of 2.7%.

Finally, a description of the company's main areas of operation: AvalonBay Communities develops, acquires, and operates multifamily communities in barrier-to-entry markets in the United States.

Take Action:

Now that you're fully prepared, get ready to take quick action if the company reports any numbers significantly different from those listed above. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.

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