* AvalonBay Communities Inc reported quarterly adjusted earnings of $1.22 per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $1.05. The mean expectation of eleven analysts for the quarter was for earnings of $1.17 per share. Wall Street expected results to range from $1.10 to $1.26 per share.
* Revenue rose 14.2% to $711.05 million from a year ago; analysts expected $705.28 million.
* AvalonBay Communities Inc's reported EPS for the quarter was $1.22.
* The company reported quarterly net income of $173.45 million.
* AvalonBay Communities Inc shares had risen by 3.1% this quarter and gained 2.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 1.7% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell."
* Wall Street's median 12-month price target for AvalonBay Communities Inc is $198.00
This summary was machine generated from LSEG data April 26 at 04:25 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 2.65 2.73 Beat
Dec. 31 2023 2.74 2.63 Missed
Sep. 30 2023 2.62 2.48 Missed
Jun. 30 2023 2.61 2.67 Beat
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