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Why AvalonBay Communities (AVB) Might Surprise This Earnings Season.
AVBAvalonBay Communities(AVB) Zacks Investment Research·2024-04-24 12:31

Core Insights - AvalonBay Communities Inc (AVB) is positioned favorably ahead of its upcoming earnings report, with positive earnings estimate revisions indicating potential for an earnings beat [1][2] - The Most Accurate Estimate for AVB's current quarter stands at 2.66pershare,slightlyabovetheZacksConsensusEstimateof2.66 per share, slightly above the Zacks Consensus Estimate of 2.64 per share, reflecting recent upward adjustments by analysts [1] - AVB has a Zacks Earnings ESP of +0.59%, suggesting a positive outlook for the earnings season [1] Earnings Estimate Revisions - Recent earnings estimate revisions for AvalonBay Communities suggest favorable trends, which are often precursors to positive earnings surprises [2] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have historically shown a positive surprise rate of nearly 70% and average annual returns exceeding 28% [2] - Given AVB's Zacks Rank of 3 and positive ESP, it is recommended for investors to consider this stock ahead of the earnings report [2]