Coastal Financial (NASDAQ:CCB) reported its Q3 earnings results on Wednesday, October 27, 2021 at 03:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Coastal Financial beat their estimated earnings by 31.71%, reporting an EPS of $0.54 versus an estimate of $0.41, which surprised analysts.
Revenue was up $7,901,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01, which was followed by a 0.99% increase in the share price the next day.
Here’s a look at Coastal Financial’s past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.48 | 0.38 | 0.37 | 0.25 |
| EPS Actual | 0.49 | 0.49 | 0.38 | 0.34 |
| Revenue Estimate | 20.88M | 18.85M | 17.25M | 15.96M |
| Revenue Actual | 23.39M | 20.30M | 18.98M | 17.04M |
Listen to the earnings announcement yourself by clicking here.
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