OceanFirst Financial Corp expected to post earnings of 41 cents a share - Earnings Preview

OceanFirst Financial

27/10/2021 11:12

* OceanFirst Financial Corp  OCFC.OQ   OCFC.O  is expected
to show a fall in quarterly revenue when it reports results on
October 28. 
* The Toms River, New Jersey-based company is expected to report
 a 1.5% decrease in revenue to $75.669 million from $76.79
million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for OceanFirst Financial
Corp is for earnings of 41 cents per share. For the same quarter
last year, the company reported breakeven results per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 9 "strong buy" or "buy," no
"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 14.5% above​ its last closing
price of $22.22. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  0.43        0.43       0.49      Beat    14
 Mar. 31 2021  0.40        0.40       0.44      Beat    9
 Dec. 31 2020  0.37        0.38       0.39      Beat    3.8​
 Sep. 30 2020  0.40        0.41       0.00      Missed  -100
 Jun.          0.35​       0.35       0.36      Beat    4.3​
 30​ 2020​                                              
 Mar. 31 2020  0.40        0.40       0.45      Beat    13.7​
 Dec. 31 2019  0.53        0.53       0.51      Missed  -3
 Sep. 30 2019  0.51        0.51       0.54      Beat    6.1
 This summary was machine generated October 27 at 10:12 GMT.  All
figures in US dollars unless otherwise stated