Coastal Financial Corp (EVERETT) expected to post earnings of 48 cents a share - Earnings Preview

Coastal Financial (EVERETT)

23/07/2021 13:58

* Coastal Financial Corp (EVERETT)  CCB.OQ   CCB.O  is expected
to show a rise in quarterly revenue when it reports results on
July 26 (estimated). 
* The Everett, Washington-based company is expected to report 
 a 34.6% increase in revenue to $20.882 million from $15.51
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Coastal Financial Corp
(EVERETT) is for earnings of 48 cents per share. For the same
quarter last year, the company reported earnings of 30 cents per
share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts was unchanged in the
last three months. ​
* Wall Street's median 12-month price target for Coastal
Financial Corp (EVERETT) is $36​, about 21% above​ its last
closing price of $28.45. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.38        0.38       0.49      Beat    28.9
 Dec. 31 2020  0.37        0.37       0.38      Beat    2.8
 Sep. 30 2020  0.29        0.30       0.34      Beat    15.3​
 Jun. 30 2020  0.22        0.21       0.30      Beat    46.3
 Mar.          0.23​       0.24       0.22      Missed  -8.3​
 31​ 2020​                                              
 Dec. 31 2019  0.28        0.28       0.30      Beat    5.6​
 Sep. 30 2019  0.27        0.27       0.29      Beat    9.4
 Jun. 30 2019              0.25       0.27      Beat    9.8
 This summary was machine generated July 23 at 12:58 GMT.  All
figures in US dollars unless otherwise stated