Earnings Outlook For OceanFirst Financial
Portfolio Pulse from Benzinga Insights
OceanFirst Financial (NASDAQ:OCFC) is set to release its quarterly earnings report on October 17, 2024. Analysts expect an EPS of $0.38. The market is optimistic about the company surpassing estimates and providing positive guidance. In the previous quarter, OCFC missed EPS estimates by $0.04, resulting in a 4.76% drop in share price. Currently, shares are trading at $18.78, up 38.21% over the past year.
October 16, 2024 | 4:01 pm
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OceanFirst Financial is expected to report an EPS of $0.38. The market is optimistic about the company surpassing estimates and providing positive guidance. Previous EPS miss led to a 4.76% drop in share price.
The upcoming earnings report is crucial as it could confirm or challenge the current positive sentiment, given the 38.21% increase in share price over the past year. A positive surprise or strong guidance could further boost the stock, while a miss could lead to a decline, as seen in the previous quarter.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100