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

Copt Defense Properties

26/04/2024 02:09

* COPT Defense Properties  CDP.N  reported quarterly
adjusted
earnings of 29 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 70 cents.  The mean expectation of five analysts for the
quarter was for earnings of 29 cents per share. Wall Street
expected results to range from 28 cents to 31 cents per share.
    * Revenue rose 9.9% to $166.66 million from a year ago;
analysts
expected $170.52 million. 
    * COPT Defense Properties's reported EPS for the quarter was
29
cents​.
    * The company reported quarterly net income of $32.48
million.
    * COPT Defense Properties shares had fallen by 5.0% this
quarter and lost 10.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
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 $27.00 
This summary was machine generated from LSEG data April 26 at
01:09 a.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
 Mar. 31 2024      0.61           0.62           Beat
 Dec. 31 2023      0.61           0.62           Beat
 Sep. 30 2023      0.60           0.60           Met
 Jun. 30 2023      0.59           0.60           Beat