Coastal Financial Corp (EVERETT) reports results for the quarter ended in December - Earnings Summary

Coastal Financial (EVERETT)

27/01/2023 15:17

* Coastal Financial Corp (EVERETT)  CCB.OQ  reported
quarterly
adjusted earnings of 96 cents​​ per share for the quarter ended
in December. The mean expectation of four analysts for the
quarter was for earnings of 85 cents per share.
    * Revenue rose 147.3% to $96.25 million from a year ago;
analysts
expected $87.47 million. 
    * Coastal Financial Corp (EVERETT)'s reported EPS for the
quarter
was 96 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.8%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Coastal Financial Corp (EVERETT) shares had fallen
by 10.4% this
quarter.
    * The company reported quarterly net income of $13.12
million.
    * Wall Street's median 12-month price target for Coastal
Financial
Corp (EVERETT) is $61.50 
    * 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." 

This summary was machine generated from Refinitiv data January
27 at 03:17 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.85           0.96           Beat
 Sep. 30 2022      0.80           0.82           Beat
 Jun. 30 2022      0.53           0.76           Beat
 Mar. 31 2022      0.43           0.46           Beat