OceanFirst Financial Corp expected to post earnings of 62cents a share - Earnings Preview

OceanFirst Financial

21/10/2022 22:30

* OceanFirst Financial Corp  OCFC.OQ   OCFC.O  is expected
to show
a rise in quarterly revenue when it reports  results on October
24. 
    * The Toms River New Jersey-based  company is expected to
report 
a 31.3% increase in revenue to $101.267 million from $77.13
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for OceanFirst
Financial Corp
is for earnings of 62 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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 $20.79.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Sep. 30 2021  0.40        0.41       0.45      Beat    11.1
 ​​Jun.        0.43        0.43       0.49      Beat    14
 30 2021                                                
 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
 This summary was machine generated October 21 at 21:30 GMT.  All
figures in US dollars  unless otherwise stated