OceanFirst Financial Corp expected to post earnings of 43 cents a share - Earnings Preview

OceanFirst Financial

27/07/2021 22:02

* OceanFirst Financial Corp  OCFC.OQ   OCFC.O  is expected
to show a fall in quarterly revenue when it reports results on
July 29. 
* The Toms River, New Jersey-based company is expected to report
  a 1.5% decrease in revenue to $77.473 million from $78.67
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 43 cents per share. For the same quarter
last year, the company reported earnings of 36 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"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 25.2% above​ its last closing
price of $19.45. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 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. 30 2020  0.35        0.35       0.36      Beat    4.3
 Mar.          0.40​       0.40       0.45      Beat    13.7​
 31​ 2020​                                              
 Dec. 31 2019  0.53        0.53       0.51      Missed  -3​
 Sep. 30 2019  0.51        0.51       0.54      Beat    6.1
 Jun. 30 2019  0.55        0.54       0.51      Missed  -5.1
 This summary was machine generated July 27 at 21:02 GMT.  All
figures in US dollars unless otherwise stated