Coastal Financial First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]
Coastal Financial Corporation (CCB)
Last coastal financial corporation earnings: 4/27 09:25 am
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Source: Yahoo! Finance
Net income: US$6.80m (down 45% from 1Q 2023). Profit margin: 11% (down from 21% in 1Q 2023). The decrease in margin was driven by higher expenses. EPS: US$0.51 (down from US$0.94 in 1Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Coastal Financial Revenues Beat Expectations, EPS Falls Short Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) missed analyst estimates by 34%. Looking ahead, revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are down 5.4% from a week ago. Balance Sheet Analysis While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Coastal Financial's balance sheet. Have feedback on this article? Con
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CCB
News
- Coastal Financial Co. (NASDAQ: CCB) had its price target lowered by analysts at Hovde Group from $57.50 to $55.00. They now have an "outperform" rating on the stock.MarketBeat
- Coastal Financial Corporation Announces First Quarter 2024 ResultsGlobeNewswire
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CCB
Earnings
- 1/30/24 - Miss
CCB
Sec Filings
- 5/9/24 - Form 10-Q
- 5/7/24 - Form 4
- 5/6/24 - Form 144
- CCB's page on the SEC website