Coastal Finl Q3 EPS $0.75 Misses $0.93 Estimate, Sales $96.81M Miss $125.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Coastal Finl (NASDAQ:CCB) reported Q3 earnings of $0.75 per share, missing the analyst consensus estimate of $0.93 by 19.35%. This is a 8.54% decrease from the same period last year. The company also reported quarterly sales of $96.81 million, missing the analyst consensus estimate of $125.97 million by 23.15%. However, this is a 15.83% increase from the same period last year.
October 27, 2023 | 1:27 pm
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NEGATIVE IMPACT
Coastal Finl's Q3 earnings and sales missed estimates, which could negatively impact its stock price in the short term.
Coastal Finl's earnings and sales for Q3 have missed the estimates. This underperformance could lead to a decrease in investor confidence, potentially causing a short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100