Copt Defense Properties Reports Results For The Quarter Ended In December: Earnings Summary

Copt Defense Properties

08/02/2024 23:39

* COPT Defense Properties  CDP.N  reported quarterly
adjusted
earnings of 30 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 45 cents.  The mean expectation of
four analysts for the quarter was for earnings of 31 cents per
share. Wall Street expected results to range from 29 cents to 33
cents per share.
    * Revenue rose 18.9% to $179.73 million from a year ago;
analysts
expected $161.19 million. 
    * COPT Defense Properties's reported EPS for the quarter was
30
cents​.
    * The company reported quarterly net income of $33.55
million.
    * COPT Defense Properties shares had fallen by 10.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for COPT Defense
Properties is $28.00 
This summary was machine generated from LSEG data February 8 at
11:39 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.61           0.62           Beat
 Sep. 30 2023      0.60           0.60           Met
 Jun. 30 2023      0.59           0.60           Beat
 Mar. 31 2023      0.57           0.59           Beat