Coastal Finl Q4 2023 Adj EPS $0.66 Misses $0.73 Estimate
Portfolio Pulse from Benzinga Newsdesk
Coastal Financial Corp. (NASDAQ: CCB) reported Q4 2023 adjusted earnings per share (EPS) of $0.66, which fell short of the consensus analyst estimate of $0.73 by 9.59%.
January 30, 2024 | 2:28 pm
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Coastal Financial Corp. reported a Q4 2023 adjusted EPS of $0.66, missing the analyst estimate of $0.73 by 9.59%.
Earnings misses can lead to negative investor sentiment and potential short-term stock price declines as they may indicate weaker financial performance than expected. Given that the miss was by 9.59%, this could be considered significant by the market.
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