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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Avalonbay Communities has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
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)