AvalonBay Communities, Inc. (AVB) earnings on July 22, 2026

After the market closes Q2 2026

More AvalonBay Communities, Inc. earnings

Prior outlook: Pessimistic Outcome: Missed

The stock closed slightly higher, recovering from being down 0.34% earlier in the day. Despite concerns about the company's history of missing expectations, buyers stepped in to push the price up.

AVB price around the earnings

190.80

Change: +0.3%

2026-07-23, 20:00 UTC

Start of the measured window End of the measured window
185.22 187.84 190.47 193.09 190.27
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)No trading (market closed)No trading (market closed)No trading (market closed)No trading (market closed)
July 22, 2026 July 22, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • No trading (market closed)
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Missed

Thesis published

0% beat rate with -8% avg surprise contradicts strong +7.55% trend strength into AMC event.

Context analyzed before publication

Trend
Persistent negative trajectory into earnings, confirming pessimistic setup despite some positive trend strength.

Analysts

Evidence

Analyst consensus
Hold
Consensus average (1-5)
2.55
Analysts covering the stock
18
Average price target
201.44
Lowest price target
189
Highest price target
221
Upside to price target
6.1%
Quarterly earnings growth
37.7%
Revenue growth
2.5%
Forward EPS
4.87
Trailing EPS
8.06
Analyst moves in the last 60 days
5
  • Strong buy: 1
  • Buy: 4
  • Hold: 15
  • Sell: 0
  • Strong sell: 0
Strong buy
1
Buy
4
Hold
15
Sell
0
Strong sell
0
  • July 21, 2026 · Piper Sandler: Maintains rating (Neutral → Neutral)
  • July 14, 2026 · Barclays: Downgrades rating (Overweight → Equal-Weight)
  • July 9, 2026 · Scotiabank: Maintains rating (Sector Perform → Sector Perform)
  • June 16, 2026 · Truist Securities: Maintains rating (Buy → Buy)
  • May 29, 2026 · Piper Sandler: Maintains rating (Neutral → Neutral)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%

Technicals

Evidence

Average true range (ATR)
1.8%
Distance to 52-week high
-3.5%
14-day change (14d)
-2.4%
30-day change (33d)
+7.5%
30-day relative strength
+7.4%
SPY change (33d)
+0.2%
Nearest support
190.18
Nearest resistance
191.47
Volume accumulation ratio (14d / 46d)
0.71

Trends

Evidence

Average earnings surprise
-8.0%
  • April 27, 2026: actual EPS 1.04 vs estimate 1.17 (surprise -10.6%)
  • February 4, 2026: actual EPS 1.16 vs estimate 1.24 (surprise -6.3%)
  • October 29, 2025: actual EPS 1.4 vs estimate 1.49 (surprise -6.0%)
  • July 30, 2025: actual EPS 1.18 vs estimate 1.3 (surprise -9.2%)

Expected move

Implied move
+1.4%
Source
Options chain

Reactions over its last 20 earnings

Median move
1.2%
75th percentile move
3.9%
90th percentile move
5%
Up / down moves
8 / 12
Average up move
+3.2%
Average down move
-1.4%

Monitoring and close

What AvalonBay Communities, Inc. reported

There is no monitoring data available for this event.

Pre-market second reading after the results

There is no second reading available for this event.

How the stock reacted

Outcome
Missed
Consolidated
+0.3%
Max favorable move (MFE)
0.3%
Max adverse move (MAE)
1.4%