OceanFirst Financial (NASDAQ:OCFC) reported its Q1 earnings results on Thursday, April 20, 2023 at 04:30 PM.
Here’s what investors need to know about the announcement.
Earnings
OceanFirst Financial missed estimated earnings by 14.06%, reporting an EPS of $0.55 versus an estimate of $0.64.
Revenue was up $14.57 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 7.84% increase in the share price the next day.
Here’s a look at OceanFirst Financial’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.62 | 0.62 | 0.55 | 0.46 |
| EPS Actual | 0.67 | 0.60 | 0.59 | 0.49 |
| Revenue Estimate | 98.96M | 101.27M | 91.47M | 83.35M |
| Revenue Actual | 106.49M | 95.97M | 90.80M | 84.23M |
To track all earnings releases for OceanFirst Financial visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
