Seeking Clues to OceanFirst (OCFC) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics

Core Insights - OceanFirst Financial (OCFC) is expected to report quarterly earnings of $0.38 per share, reflecting an 18.8% year-over-year increase, while revenues are projected to be $92.79 million, down 8.8% from the previous year [1] Earnings Estimates - Analysts have not revised the consensus EPS estimate for the quarter over the past 30 days, indicating a stable outlook among analysts [1][2] - Revisions to earnings estimates are crucial for predicting investor actions, with empirical research showing a strong correlation between earnings estimate trends and short-term stock performance [2] Key Financial Metrics - The 'Average Balance - Total interest-earning assets' is projected to reach $12.19 billion, down from $12.38 billion reported in the same quarter last year [4] - 'Total Non-Interest Income' is expected to be $9.94 million, compared to $10.76 million a year ago [4] - 'Net Interest Income' is forecasted at $82.89 million, down from $91 million in the previous year [5] - 'Fees and service charges' are anticipated to reach $5.01 million, compared to $5.18 million reported in the same quarter last year [5] Stock Performance - OceanFirst shares have returned +3.6% over the past month, while the Zacks S&P 500 composite has changed by +4.9% [5] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to mirror overall market performance in the near future [5]