Oceanfirst Financial Earnings: Your Sneak Peek to the Big Announcement

Oceanfirst Financial (NASDAQ:OCFC) will report earnings after markets close on Thursday, July 18th. OceanFirst Financial Corp. is the holding company for OceanFirst Bank. The Bank is a federally-chartered stock savings bank that provides primarily single family residential mortgage loans and invests in mortgage-backed and other securities. OceanFirst operates branches principally in Ocean County, New Jersey.

Here is your Cheat Sheet to Oceanfirst Financial Earnings:

Earnings Expectations: Analysts expect earnings of $0.28 per share on revenues of $17.02 million. Currently, the company’s P/E ratio stands at 15.32.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.28 to a profit $0.27. For the current year, the average estimate is a profit of $1.08, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Oceanfirst Financial has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 116 111 117 111 106
Diluted EPS ($) 1.26 0.98 1.12 1.14 1.12

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 26.59 26.39 25.68 23.46
Diluted EPS ($) 0.30 0.28 0.23 0.26

Past Performance:
Oceanfirst Financial has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)