AvalonBay Communities-Seeking Clues to AvalonBay (AVB) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics

Earnings Expectations - AvalonBay Communities (AVB) is expected to report quarterly earnings of $2.71 per share, reflecting a year-over-year increase of 1.9% [1] - Revenues are anticipated to reach$ 718.49 million, which is a 4% increase from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the past 30 days, indicating analysts' reassessment of projections [1] Key Metrics Forecast - Analysts predict 'Revenue- Rental and other income' will be approximately $715.13 million, representing a 3.9% increase from the prior-year quarter [2] - The consensus estimate for 'Same Store Economic Occupancy' is 95.9%, consistent with the previous year's figure [2] - Expected 'Depreciation expense' is estimated at$ 211.64 million, compared to $200.55 million from the year-ago period [2] Stock Performance - AvalonBay shares have increased by 2% over the past month, outperforming the Zacks S&P 500 composite, which saw a 0.1% change [3] - With a Zacks Rank 2 (Buy), AVB is projected to outperform the overall market in the near future [3]