Coastal Financial Corp (EVERETT) expected to post earnings of 53  cents a share - Earnings Preview

Coastal Financial (EVERETT)

22/07/2022 12:42

* Coastal Financial Corp (EVERETT)  CCB.OQ   CCB.O  is
expected
to show a rise in quarterly revenue when it reports  results on
July 25 (estimated). 
    * The Everett Washington-based  company is expected to
report  a
152.8% increase in revenue to $59.132 million from $23.39
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Coastal Financial
Corp
(EVERETT) is for earnings of 53 cents per share. For the same
quarter last year, the company reported earnings of 49 cents per
share.
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "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 $62​, above​ its last closing price of $39.00.
​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.44        0.43       0.46      Beat    5.9
 Dec. 31 2022  0.54        0.53       0.57      Beat    8.6
 Sep. 30 2021  0.42        0.41       0.54      Beat    30.4​
 Jun. 30 2021  0.48        0.48       0.49      Beat    1.2
 ​​Mar.        0.38        0.38       0.49      Beat    28.9
 31 2021                                                
 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
 This summary was machine generated July 22 at 11:42 GMT.  All
figures in US dollars  unless otherwise stated