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

Coastal Financial (EVERETT)

27/10/2022 15:14

* Coastal Financial Corp (EVERETT)  CCB.OQ  reported
quarterly
adjusted earnings of 82 cents​​ per share for the quarter ended
in September. The mean expectation of three analysts for the
quarter was for earnings of 80 cents per share.
    * Revenue rose 235.1% to $83.58 million from a year ago;
analysts
expected $71.81 million. 
    * Coastal Financial Corp (EVERETT)'s reported EPS for the
quarter
was 82 cents​.
    * The mean earnings estimate of analysts had risen by
about 24.3%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Coastal Financial Corp (EVERETT) shares had risen by 4.1%
this
quarter and lost 18.3% so far this year.
    * The company reported quarterly net income of $11.1
million.
    * Wall Street's median 12-month price target for Coastal
Financial
Corp (EVERETT) is $55.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
27 at 02:14 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.80           0.82           Beat
 Jun. 30 2022      0.53           0.76           Beat
 Mar. 31 2022      0.43           0.46           Beat
 Dec. 31 2021      0.53           0.57           Beat