OceanFirst Financial Corp expected to post earnings of 64  cents a share - Earnings Preview

OceanFirst Financial

18/04/2023 21:22

* OceanFirst Financial Corp  OCFC.OQ   OCFC.O  is expected
to show
a rise in quarterly revenue when it reports  results on April
20. 
    * The Toms River New Jersey-based  company is expected to
report 
a 27.8% increase in revenue to $107.613 million from $84.23
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 64 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"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 $25​, above​ its last closing price of $17.66.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.62        0.62       0.67      Beat    7.8
 Sep. 30 2022  0.66        0.62       0.60      Missed  -2.5
 Jun. 30 2022  0.55        0.55       0.59      Beat    7​
 Mar. 31 2022  0.47        0.46       0.49      Beat    6.2
 ​​Dec.        0.44        0.44       0.48      Beat    9.4
 31 2021                                                
 Sep. 30 2021  0.40        0.41       0.45      Beat    11.1​
 Jun. 30 2021  0.43        0.43       0.49      Beat    14
 Mar. 31 2021  0.40        0.40       0.44      Beat    9
 This summary was machine generated April 18 at 20:22 GMT.  All
figures in US dollars  unless otherwise stated