Coastal Financial Corp (EVERETT) expected to post earnings of 85cents a share - Earnings Preview

Coastal Financial (EVERETT)

23/01/2023 11:56

* Coastal Financial Corp (EVERETT)  CCB.OQ   CCB.O  is
expected
to show a rise in quarterly revenue when it reports  results on
January 25 (estimated). 
    * The Everett Washington-based  company is expected to
report  a
124.7% increase in revenue to $87.469 million from $38.92
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 85 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 $61.5​, above​ its last closing price
of $42.84. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  0.81        0.80       0.82      Beat    2.5
 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
 ​​Sep.        0.42        0.41       0.54      Beat    30.4
 30 2021                                                
 Jun. 30 2021  0.48        0.48       0.49      Beat    1.2​
 Mar. 31 2021  0.38        0.38       0.49      Beat    28.9
 Dec. 31 2020  0.37        0.37       0.38      Beat    2.8
 This summary was machine generated January 23 at 11:56 GMT.  All
figures in US dollars  unless otherwise stated