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

OceanFirst Financial

20/07/2023 22:02

* OceanFirst Financial Corp  OCFC.OQ  reported quarterly
adjusted
earnings of 46 cents​​ per share for the quarter ended in June.
The mean expectation of seven analysts for the quarter was
for earnings of 47 cents per share.
    * Revenue rose 1.4% to $92.11 million from a year ago;
analysts
expected $91.85 million. 
    * OceanFirst Financial Corp's reported EPS for the quarter
was 45
cents​.
    * The mean earnings estimate of analysts had fallen by
about 26.4%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * OceanFirst Financial Corp shares had risen by 14.3% this
quarter and lost 16.0% so far this year.
    * The company reported quarterly net income of $26.79
million.
    * Wall Street's median 12-month price target for OceanFirst
Financial Corp is $19.50 
    * 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 LSEG Refinitiv data July
20 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.47           0.46           Missed
 Mar. 31 2023      0.64           0.55           Missed
 Dec. 31 2022      0.62           0.67           Beat
 Sep. 30 2022      0.62           0.60           Missed