OceanFirst Financial Corp reports results for the quarter ended in December - Earnings Summary

OceanFirst Financial

19/01/2023 22:01

* OceanFirst Financial Corp  OCFC.OQ  reported quarterly
adjusted
earnings of 67 cents​​ per share for the quarter ended in
December. The mean expectation of seven analysts for the quarter
was for earnings of 62 cents per share.
    * Revenue rose 32.1% to $106.49 million from a year ago;
analysts
expected $98.96 million. 
    * OceanFirst Financial Corp's reported EPS for the quarter
was 89
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.2%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * OceanFirst Financial Corp shares had fallen by 1.1% this
quarter.
    * The company reported quarterly net income of $52.27
million.
    * Wall Street's median 12-month price target for OceanFirst
Financial Corp is $26.00 
    * 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." 

This summary was machine generated from Refinitiv data January
19 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.62           0.67           Beat
 Sep. 30 2022      0.62           0.60           Missed
 Jun. 30 2022      0.55           0.59           Beat
 Mar. 31 2022      0.46           0.49           Beat