Coastal Financial Corp (EVERETT) expected to post earnings of 87  cents a share - Earnings Preview

Coastal Financial (EVERETT)

21/04/2023 13:07

* Coastal Financial Corp (EVERETT)  CCB.OQ   CCB.O  is
expected
to show a rise in quarterly revenue when it reports  results on
April 25 (estimated). 
    * The Everett Washington-based  company is expected to
report  a
80.5% increase in revenue to $92.518 million from $51.25 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 87 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 $59.5​, above​ its last closing price
of $33.99. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.85        0.85       0.96      Beat    12.5
 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.        0.54        0.53       0.57      Beat    8.6
 31 2021                                                
 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. 31 2021  0.38        0.38       0.49      Beat    28.9
 This summary was machine generated April 21 at 12:06 GMT.  All
figures in US dollars  unless otherwise stated