Citizens Financial (US:CFG) ZACKSยท2024-07-17 12:35Company Performance - Citizens Financial Group reported quarterly revenues of $1.96 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.65%, but down from $2.09 billion year-over-year [2] - The company posted quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.79 per share, and down from $0.92 per share a year ago [8] - Over the last four quarters, Citizens Financial Group has not been able to surpass consensus EPS estimates [9] Stock Performance - Citizens Financial Group shares have increased approximately 19.5% since the beginning of the year, compared to the S&P 500's gain of 18.8% [3] - The current consensus EPS estimate for the upcoming quarter is $0.79 on revenues of $1.96 billion, and for the current fiscal year, it is $3.19 on revenues of $7.87 billion [5] Industry Outlook - The Financial - Savings and Loan industry, to which Citizens Financial Group belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, indicating potential challenges ahead [13] - The estimate revisions trend for Citizens Financial Group is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [12]