However, the Zacks Consensus Estimate for third-quarter revenues is pegged at $538.5 million, denoting an expected increase of 4.3% year over year. Additionally, prior to third-quarter earnings release, there is lack of any solid catalyst for raising overt optimism about the company's business activities and prospects. As such, the Zacks Consensus Estimate for FFO per share in the soon-to-be-reported quarter remained unchanged at $2.26, over the past month. Earnings Whispers Our proven model does not conclusively show that AvalonBay is likely to beat estimates this quarter.