OceanFirst Financial (OCFC) Q4 Earnings Beat Estimates

Core Viewpoint - OceanFirst Financial (OCFC) reported quarterly earnings of $0.38 per share, exceeding the Zacks Consensus Estimate of $0.36 per share, but down from $0.45 per share a year ago, indicating a 15.56% year-over-year decline in earnings [1][2] Financial Performance - The company posted revenues of $95.56 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 0.15% and down from $99.69 million year-over-year [2] - Over the last four quarters, OceanFirst has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - OceanFirst shares have increased approximately 5% since the beginning of the year, outperforming the S&P 500's gain of 3.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.36 on revenues of $95.93 million, and for the current fiscal year, it is $1.60 on revenues of $406.47 million [7] - The estimate revisions trend for OceanFirst is mixed, which may change following the recent earnings report [6] Industry Context - The Financial - Savings and Loan industry, to which OceanFirst belongs, is currently in the top 11% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]