Coastal Finl Q2 EPS $0.84 Beats $0.80 Estimate
Portfolio Pulse from Benzinga Newsdesk
Coastal Financial (NASDAQ: CCB) reported Q2 earnings per share (EPS) of $0.84, beating the analyst consensus estimate of $0.80 by 5%. However, this represents an 11.58% decrease from the $0.95 EPS reported in the same period last year.
July 29, 2024 | 1:28 pm
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Coastal Financial (NASDAQ: CCB) reported Q2 EPS of $0.84, beating estimates by 5%. However, the EPS is down 11.58% YoY, which may cause mixed reactions in the market.
While Coastal Financial beat the analyst consensus estimate by 5%, the YoY decrease in EPS by 11.58% could lead to mixed market reactions. Investors may be pleased with the beat but concerned about the declining earnings trend.
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