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

Copt Defense Properties

29/07/2024 23:12

* COPT Defense Properties  CDP.N  reported quarterly
adjusted
earnings of 31 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 27 cents.  The mean expectation of five analysts
for the quarter was for earnings of 31 cents per share. Wall
Street expected results to range from 29 cents to 34 cents per
share.
    * Revenue fell 1.2% to $167.09 million from a year ago;
analysts
expected $168.33 million. 
    * COPT Defense Properties's reported EPS for the quarter was
31
cents​.
    * The company reported quarterly net income of $35.02
million.
    * COPT Defense Properties shares had risen by 12.9% this
quarter and gained 10.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% 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 7 "strong buy" or "buy," 3
"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 July 29 at
10:12 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
 Jun. 30 2024      0.63           0.64           Beat
 Mar. 31 2024      0.61           0.62           Beat
 Dec. 31 2023      0.61           0.62           Beat
 Sep. 30 2023      0.60           0.60           Met