COPT Defense (CDP) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - COPT Defense (CDP) reported revenue of $189.23 million for Q3 2024, marking a 12.3% year-over-year increase and a slight surprise of +0.15% over the Zacks Consensus Estimate of $188.95 million [1] - The earnings per share (EPS) for the quarter was $0.65, a significant improvement from -$1.94 a year ago, with an EPS surprise of +1.56% compared to the consensus estimate of $0.64 [1] Revenue Breakdown - Revenue from real estate operations was $172.56 million, exceeding the average estimate of $168.88 million by three analysts, reflecting a year-over-year increase of +10.2% [3] - Revenue from construction contracts and other services was reported at $16.66 million, below the average estimate of $20.16 million from two analysts, but still showing a substantial year-over-year increase of +39.4% [3] Stock Performance - COPT Defense shares have returned +5.6% over the past month, outperforming the Zacks S&P 500 composite, which saw a +2% change [4] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [4]