Coastal Financial Corp (EVERETT) expected to post earnings of 73 cents a share - Earnings Preview

Coastal Financial (EVERETT)

23/01/2024 14:01

* Coastal Financial Corp (EVERETT)  CCB.OQ   CCB.O  is
expected
to show a fall in quarterly revenue when it reports  results on
January 25 (estimated) for the period ending December 31 2023
    * The Everett Washington-based  company is expected to
report a
1.7% decrease in revenue to $94.598 million from $96.25 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data. (Sales/Revenue Majority Basis is on Total
Revenue)
    * ​LSEG's mean analyst estimate for Coastal Financial Corp
(EVERETT) is for earnings of 73 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 $54.50​, above​ its last closing price
of $42.24. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.94        0.93       0.75      Missed  -19.4
 Jun. 30 2023  0.97        0.97       0.95      Missed  -2.2
 Mar. 31 2023  0.85        0.87       0.91      Beat    4.3​
 Dec. 31 2022  0.85        0.85       0.96      Beat    12.5
 ​​Sep.        0.81        0.80       0.82      Beat    2.5
 30 2022                                                
 Jun. 30 2022  0.54        0.53       0.76      Beat    42.9​
 Mar. 31 2022  0.44        0.43       0.46      Beat    5.9
 Dec. 31 2021  0.54        0.53       0.57      Beat    8.6
 This summary was machine generated January 23 at 14:01 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)