OceanFirst Financial Corp expected to post earnings of 55  cents a share - Earnings Preview

OceanFirst Financial

26/07/2022 23:59

* OceanFirst Financial Corp  OCFC.OQ   OCFC.O  is expected
to show
a rise in quarterly revenue when it reports  results on July
28. 
    * The Toms River New Jersey-based  company is expected to
report 
a 23.8% increase in revenue to $91.622 million from $74.02
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for OceanFirst
Financial Corp
is for earnings of 55 cents per share. For the same quarter last
year, the company reported earnings of 49 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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​, above​ its last closing price of $20.51.
​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.47        0.46       0.49      Beat    6.2
 Dec. 31 2022  0.44        0.44       0.48      Beat    9.4
 Sep. 30 2021  0.40        0.41       0.45      Beat    11.1​
 Jun. 30 2021  0.43        0.43       0.49      Beat    14
 ​​Mar.        0.40        0.40       0.44      Beat    9
 31 2021                                                
 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
 This summary was machine generated July 26 at 22:58 GMT.  All
figures in US dollars  unless otherwise stated