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

Coastal Financial (EVERETT)

27/07/2022 16:43

* Coastal Financial Corp (EVERETT)  CCB.OQ  reported
quarterly
adjusted earnings of 76 cents​​ per share for the quarter ended
in June. The mean expectation of four analysts for the quarter
was for earnings of 53 cents per share.
    * Revenue rose 179.5% to $65.38 million from a year ago;
analysts
expected $59.13 million. 
    * Coastal Financial Corp (EVERETT)'s reported EPS for the
quarter
was 76 cents​.
    * The mean earnings estimate of analysts had risen by
about 20.8%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Coastal Financial Corp (EVERETT) shares had risen by 3.0%
this
quarter and lost 22.5% so far this year.
    * The company reported quarterly net income of $10.18
million.
    * Wall Street's median 12-month price target for Coastal
Financial
Corp (EVERETT) is $62.00 
    * 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 July 27
at 03:43 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.53           0.76           Beat
 Mar. 31 2022      0.43           0.46           Beat
 Dec. 31 2021      0.53           0.57           Beat
 Sep. 30 2021      0.41           0.54           Beat