OceanFirst Financial Q2 2024 GAAP EPS $0.40 Misses $0.43 Estimate, Sales $82.300M Miss $85.459M Estimate
Portfolio Pulse from Benzinga Newsdesk
OceanFirst Financial (NASDAQ:OCFC) reported Q2 2024 earnings per share of $0.40, missing the analyst estimate of $0.43. The company also reported sales of $82.3 million, falling short of the $85.459 million estimate and marking a 10.65% decrease from the same period last year.
July 18, 2024 | 8:16 pm
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OceanFirst Financial reported Q2 2024 earnings per share of $0.40, missing the analyst estimate of $0.43. Sales were $82.3 million, below the $85.459 million estimate and down 10.65% year-over-year.
The earnings and sales miss, along with a significant year-over-year decline in sales, are likely to negatively impact OceanFirst Financial's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100