COPT Defense (CDP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - COPT Defense reported revenue of $187.34 million for the quarter ended June 2024, reflecting a year-over-year increase of 10.7% [1] - The earnings per share (EPS) for the quarter was $0.64, significantly higher than $0.27 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $183.74 million by 1.96%, while the EPS met the consensus estimate [1] Revenue Breakdown - Construction contract and other service revenues were $20.26 million, surpassing the three-analyst average estimate of $16.62 million, with a year-over-year change of +42.2% [2] - Revenues from real estate operations totaled $167.09 million, slightly below the three-analyst average estimate of $167.13 million, showing a year-over-year increase of +7.8% [2] - Lease revenues reached $165.62 million, exceeding the two-analyst average estimate of $147.73 million, also reflecting a year-over-year change of +7.8% [2] Stock Performance - COPT Defense shares have returned +12.9% over the past month, contrasting with a -0.2% change in the Zacks S&P 500 composite [2] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [2]