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

Coastal Financial (EVERETT)

27/10/2023 16:11

* Coastal Financial Corp (EVERETT)  CCB.OQ  reported
quarterly
adjusted earnings of 75 cents​​ per share for the quarter ended
in September. The mean expectation of four analysts for the
quarter was for earnings of 93 cents per share.
    * Revenue rose 15.5% to $96.51 million from a year ago;
analysts
expected $125.97 million. 
    * Coastal Financial Corp (EVERETT)'s reported EPS for the
quarter
was 75 cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Coastal Financial Corp (EVERETT) shares had fallen by 5.0%
this
quarter and lost 14.2% so far this year.
    * The company reported quarterly net income of $10.27
million.
    * Wall Street's median 12-month price target for Coastal
Financial
Corp (EVERETT) is $57.00 
    * 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 LSEG Refinitiv data
October 27 at 03:11 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.93           0.75           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