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

Coastal Financial (EVERETT)

27/07/2023 15:53

* Coastal Financial Corp (EVERETT)  CCB.OQ  reported
quarterly
adjusted earnings of 95 cents​​ per share for the quarter ended
in June. The mean expectation of four analysts for the quarter
was for earnings of 97 cents per share.
    * Revenue rose 83.4% to $119.87 million from a year ago;
analysts
expected $124.06 million. 
    * Coastal Financial Corp (EVERETT)'s reported EPS for the
quarter
was 95 cents​.
    * The mean earnings estimate of analysts had risen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Coastal Financial Corp (EVERETT) shares had risen by 25.8%
this
quarter and lost 0.3% so far this year.
    * The company reported quarterly net income of $12.91
million.
    * Wall Street's median 12-month price target for Coastal
Financial
Corp (EVERETT) is $57.50 
    * 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 LSEG Refinitiv data July
27 at 02:53 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.97           0.95           Missed
 Mar. 31 2023      0.87           0.91           Beat
 Dec. 31 2022      0.85           0.96           Beat
 Sep. 30 2022      0.80           0.82           Beat