Copt Defense Properties Expected To Post Earnings Of 31 Cents A Share: Earnings Preview

Copt Defense Properties

06/02/2024 22:12

* COPT Defense Properties  CDP.N   CDP  is expected to show
a rise
in quarterly revenue when it reports  results on February 8 for
the period ending December 31 2023
    * The Columbia Maryland-based  company is expected to report
a
6.6% increase in revenue to $161.19 million from $151.19 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data. (Revenue consensus is on Rental revenue
basis)
    * ​LSEG's mean analyst estimate for COPT Defense Properties
is for
earnings of 31 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"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 $28.00​, above​ its last closing price of $23.02.
​​​

The company's guidance on October 26 2023 for the period ended
December 31 was for Funds Flow from Operations between USD0.6
and USD0.62.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.60        0.60       0.60      Met     0.7
 ​​Sep.        0.58        0.58       0.58      Met     -0.1
 30 2022                                                
 Jun. 30 2022  0.57        0.58       0.59      Beat    2​
 Mar. 31 2022  0.57        0.57       0.58      Beat    2
 Dec. 31 2021  0.57        0.57       0.58      Beat    2.1
 This summary was machine generated February 6 at 22:11 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)