OceanFirst Financial Corp expected to post earnings of 40  cents a share - Earnings Preview

OceanFirst Financial

27/04/2021 21:24

* OceanFirst Financial Corp  OCFC.OQ   OCFC.O  is expected to
show a fall in quarterly revenue when it reports results on
April 29.
* The Toms River, New Jersey-based company is expected to report
 a 1.0% decrease in revenue to $78.815 million from $79.65
million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data.​​
​* Refinitiv's mean analyst estimate for OceanFirst Financial
Corp is for earnings of 40 cents per share. For the same quarter
last year, the company reported earnings of 45 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts was unchanged in the
last three months.​
* Wall Street's median 12-month price target for OceanFirst
Financial Corp is $26​, about 10.5% above​ its last closing
price of $23.26. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Dec. 31 2020  0.37        0.38       0.39      Beat    3.8
 Sep. 30 2020  0.40        0.41       0.00      Missed  -100
 Jun. 30 2020  0.35        0.35       0.36      Beat    4.3​
 Mar. 31 2020  0.40        0.40       0.45      Beat    13.7
 Dec.          0.53​       0.53       0.51      Missed  -3​
 31​ 2019​                                              
 Sep. 30 2019  0.51        0.51       0.54      Beat    6.1​
 Jun. 30 2019  0.55        0.54       0.51      Missed  -5.1
 Mar. 31 2019  0.51        0.51       0.51      Met     0.1
 This summary was machine generated April 27 at 20:24 GMT.  All
figures in US dollars unless otherwise stated