Coastal Finl Q3 2024 GAAP EPS $0.97 Beats $0.95 Estimate, Sales $152.255 Miss $154.262M Estimate
Portfolio Pulse from Benzinga Newsdesk
Coastal Financial (NASDAQ:CCB) reported Q3 2024 earnings per share of $0.97, surpassing the analyst estimate of $0.95. However, their sales of $152.255 million fell short of the expected $154.262 million.
October 28, 2024 | 1:30 pm
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NEUTRAL IMPACT
Coastal Financial's Q3 2024 earnings per share exceeded expectations, but sales fell short. This mixed result may lead to a neutral or slightly negative short-term impact on the stock price.
The earnings per share (EPS) beat indicates strong profitability, which is positive. However, the sales miss suggests potential challenges in revenue generation, which could concern investors. The mixed results may lead to a neutral or slightly negative short-term impact on the stock price as investors weigh the positive EPS against the sales miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100