COPT Defense (CDP) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - COPT Defense reported revenue of $193.27 million for Q1 2024, reflecting a 15.4% increase year-over-year and surpassing the Zacks Consensus Estimate of $176.42 million by 9.55% [1] - The company's EPS for the quarter was $0.62, down from $0.70 in the same quarter last year, but above the consensus estimate of $0.60, resulting in a surprise of 3.33% [1] Revenue Breakdown - Construction contract and other service revenues reached $26.60 million, exceeding the estimated $15.10 million by analysts, marking a significant year-over-year increase of 68.2% [2] - Revenues from real estate operations totaled $193.27 million, surpassing the average estimate of $161.33 million, with a year-over-year growth of 34.8% [2] - Lease revenues amounted to $165.43 million, exceeding the two-analyst average estimate of $141.42 million, representing a year-over-year increase of 9.9% [2] Stock Performance - COPT Defense shares have declined by 4.6% over the past month, compared to a 3% decline in the Zacks S&P 500 composite [2] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [2]