Citizens Financial (CFG) ZACKS·2024-10-11 14:20Core Viewpoint - Analysts forecast a decline in quarterly earnings and revenues for Citizens Financial Group, indicating potential challenges in the company's financial performance [1][2]. Earnings and Revenue Estimates - Citizens Financial Group (CFG) is expected to report earnings of 1.94 billion, down 3.8% compared to the same quarter last year [1]. Revisions and Analyst Consensus - The consensus EPS estimate has been revised downward by 1.2% in the past 30 days, indicating a reassessment by analysts [2]. - Analysts emphasize the importance of earnings projection revisions as a predictor of investor behavior and stock price performance [3]. Key Financial Metrics - Book value per common share is estimated to reach 44.75 a year ago [5]. - Net charge-offs are projected at 153 million in the same quarter last year [5]. - The consensus for Net Interest Margin is 2.8%, down from 3% a year ago [5]. - Return on average common equity is estimated at 6.6%, down from 7.5% [6]. - Efficiency Ratio is projected to be 65.9%, compared to 64.2% last year [6]. - Average Balances - Total interest-earning assets are expected to be 199.59 billion a year ago [6]. Capital Ratios - Tangible book value per common share is expected to reach 27.73 last year [7]. - Common Equity Tier 1 Capital Ratio is projected at 10.7%, compared to 10.4% a year ago [7]. - Tier 1 Leverage Ratio is estimated at 9.3%, down from 9.4% last year [8]. - Tier 1 Capital Ratio is expected to be 11.9%, up from 11.5% a year ago [8]. - Total Capital Ratio is projected at 13.9%, compared to 13.4% last year [9]. Market Performance - CFG shares have returned +4% over the past month, while the Zacks S&P 500 composite has changed by +5.4% [9]. - CFG holds a Zacks Rank 3 (Hold), suggesting it may mirror overall market performance in the near future [10].