AvalonBay Communities Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component AvalonBay Communities, Inc. (NYSE:AVB) will unveil its latest earnings on Wednesday, April 25, 2012. AvalonBay Communities develops, acquires, and operates multifamily communities in barrier-to-entry markets in the United States.

AvalonBay Communities, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.24 per share, a rise of 14.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.27. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.24 during the last month. Analysts are projecting profit to rise by 18.8% versus last year to $5.43.

Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported profit of $1.19 per share versus a mean estimate of net income of $1.21 per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 8.5% in revenue from the year-earlier quarter to $253.3 million.

Analyst Ratings: Analysts are high on the stock, with nine analysts rating it as a buy, two rating it as a sell and six rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 1095.4% to $323.1 million ($3.54 a share) from $27 million (31 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 4.5% to $242.7 million from $232.3 million.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 9.5% in the first quarter of the last fiscal year, 11% in the second quarter of the last fiscal year and 17.7% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 22, 2012 and April 19, 2012, the stock price had risen $13.51 (10.5%), from $128.97 to $142.48. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011, when shares rose for nine straight days, increasing 8.6% (+$10.70) over that span. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight days, dropping 13.3% (-$17.46) over that span.

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

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