Copt Defense Properties Expected To Post Earnings Of 29 Cents A Share: Earnings Preview

Copt Defense Properties

23/04/2024 23:34

* COPT Defense Properties  CDP.N   CDP  is expected to show
a rise
in quarterly revenue when it reports  results on April 25 for
the period ending March 31 2024
    * The Columbia Maryland-based  company is expected to report
a
12.4% increase in revenue to $170.519 million from $151.68
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data. (SAL is on Rental revenue basis)
    * ​LSEG's mean analyst estimate for COPT Defense Properties
is for
earnings of 29 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for COPT
Defense
Properties is $27.00​, above​ its last closing price of $23.10.
​​​

The company's guidance on February 8 2024 for the period ended
March 31 was for Funds Flow from Operations between USD0.59 and
USD0.61.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.61        0.61       0.62      Beat    2
 Sep. 30 2023  0.60        0.60       0.60      Met     -0.2
 Jun. 30 2023  0.59        0.59       0.60      Beat    1.9​
 Mar. 31 2023  0.57        0.57       0.59      Beat    2.8
 ​​Dec.        0.60        0.60       0.60      Met     0.7
 31 2022                                                
 Sep. 30 2022  0.58        0.58       0.58      Met     -0.1​
 Jun. 30 2022  0.57        0.58       0.59      Beat    2
 Mar. 31 2022  0.57        0.57       0.58      Beat    2
 This summary was machine generated April 23 at 22:34 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)