Coastal Financial Corp (EVERETT) expected to post earnings of 93  cents a share - Earnings Preview

Coastal Financial (EVERETT)

23/10/2023 12:40

* Coastal Financial Corp (EVERETT)  CCB.OQ   CCB.O  is
expected
to show a rise in quarterly revenue when it reports  results 
    * The Everett Washington-based  company is expected to
report  a
50.7% increase in revenue to $125.972 million from $83.58
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 93 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 $57​, above​ its last closing price of $39.87.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.81        0.80       0.82      Beat    2.5
 ​​Jun.        0.54        0.53       0.76      Beat    42.9
 30 2022                                                
 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. 30 2021  0.42        0.41       0.54      Beat    30.4
 This summary was machine generated October 23 at 11:40 GMT.  All
figures in US dollars  unless otherwise stated