Coastal Finl Q1 2024 Adj EPS $0.50 Misses $0.76 Estimate
Portfolio Pulse from Benzinga Newsdesk
Coastal Financial Corp. (CCB) reported Q1 2024 adjusted earnings per share (EPS) of $0.50, missing the consensus analyst estimate of $0.76 by 34.21%.
April 29, 2024 | 1:29 pm
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Coastal Financial Corp. (CCB) reported a significant miss in its Q1 2024 earnings, with an EPS of $0.50 compared to the expected $0.76.
Missing the consensus earnings estimate by 34.21% is likely to negatively impact investor sentiment and could lead to a short-term decrease in CCB's stock price. Earnings misses often result in reduced confidence from investors and analysts, potentially leading to sell-offs.
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