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

OceanFirst Financial

16/01/2024 21:11

* OceanFirst Financial Corp  OCFC.OQ   OCFC.O  is expected
to show
a fall in quarterly revenue when it reports  results on January
18 for the period ending December 31 2023
    * The Toms River New Jersey-based  company is expected to
report a
15.1% decrease in revenue to $90.359 million from $106.49
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data. (Sales is on Net interest income
basis)
    * ​LSEG's mean analyst estimate for OceanFirst Financial
Corp is
for earnings of 43 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"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 $20.00​, above​ its last closing price
of $16.76. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.35        0.35       0.32      Missed  -9.2
 Jun. 30 2023  0.47        0.47       0.46      Missed  -2.1
 Mar. 31 2023  0.61        0.64       0.55      Missed  -13.8​
 Dec. 31 2022  0.62        0.62       0.67      Beat    7.8
 ​​Sep.        0.66        0.62       0.60      Missed  -2.5
 30 2022                                                
 Jun. 30 2022  0.55        0.55       0.59      Beat    7​
 Mar. 31 2022  0.47        0.46       0.49      Beat    6.2
 Dec. 31 2021  0.44        0.44       0.48      Beat    9.4
 This summary was machine generated January 16 at 21:11 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)