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.
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 $1.08, which is worse than the estimate ninety days ago.
Here’s how Oceanfirst Financial has been performing on an annual basis:
|Revenue ($) 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|
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)