AvalonBay Communities Q2 2024 Adj EPS $1.78 Beats $1.26 Estimate, Sales $672.90M Miss $718.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
AvalonBay Communities (NYSE:AVB) reported Q2 2024 adjusted EPS of $1.78, beating the analyst estimate of $1.26 by 41.27%. However, the company's sales of $672.90 million missed the estimate of $718.00 million by 6.28%.
July 31, 2024 | 8:17 pm
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AvalonBay Communities reported strong Q2 2024 EPS of $1.78, significantly beating the estimate of $1.26. However, sales of $672.90 million fell short of the $718.00 million estimate.
The significant EPS beat is a positive indicator of profitability, but the sales miss could raise concerns about revenue growth. This mixed result may lead to short-term stock price volatility.
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