OceanFirst Financial Corp reports results for the quarter ended March 31 - Earnings Summary

OceanFirst Financial

24/04/2025 23:18

OceanFirst Financial Corp OCFC.OQ reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 44 cents.  The mean expectation of seven analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 33 cents to 37 cents per share.

Revenue rose 0.5% to $86.65 million from a year ago; analysts expected $83.94 million.

OceanFirst Financial Corp's reported EPS for the quarter was 35 cents​.

The company reported quarterly net income of $20.51 million.

OceanFirst Financial Corp shares had fallen by 3.9% this quarter and lost 9.7% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 2.1% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for OceanFirst Financial Corp is $20.00

This summary was machine generated from LSEG data April 24 at 10:17 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
0.35
0.35
Met
Dec. 31 2024
0.36
0.38
Beat
Sep. 30 2024
0.38
0.39
Beat
Jun. 30 2024
0.43
0.39
Missed