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

Coastal Financial (EVERETT)

27/04/2022 17:56

* Coastal Financial Corp (EVERETT)  CCB.OQ  reported
quarterly
adjusted earnings of 46 cents​​ per share for the quarter ended
in March. The mean expectation of four analysts for the quarter
was for earnings of 43 cents per share.
    * Revenue rose 152.5% to $51.25 million from a year ago; 
analysts
expected $35.15 million. 
    * Coastal Financial Corp (EVERETT)'s reported EPS for the
quarter
was 46 cents​.
    * The mean earnings estimate of analysts had risen by
about 5.3%
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 10.0% this
quarter and lost 18.6% so far this year.
    * The company reported quarterly net income of $6.23
million.
    * Wall Street's median 12-month price target for Coastal
Financial
Corp (EVERETT) is $68.75 
    * 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 April 27 at 04:56 p.m.  ​All
figures in US dollars unless otherwise stated