Citizens Financial (US:CFG) ZACKSยท2024-10-16 12:35Group 1 - Citizens Financial Group (CFG) reported quarterly earnings of $0.79 per share, matching the Zacks Consensus Estimate, but down from $0.85 per share a year ago [1] - The company posted revenues of $1.9 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.91% and down from $2.01 billion year-over-year [2] - Over the last four quarters, Citizens Financial Group has not surpassed consensus EPS estimates and has topped consensus revenue estimates only once [2][1] Group 2 - Citizens Financial Group shares have increased approximately 31.2% since the beginning of the year, outperforming the S&P 500's gain of 21.9% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the upcoming quarter is $0.87 on revenues of $1.99 billion, and for the current fiscal year, it is $3.23 on revenues of $7.85 billion [7] Group 3 - The Zacks Industry Rank for Financial - Savings and Loan is in the top 43% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The estimate revisions trend for Citizens Financial Group is currently mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it will perform in line with the market [6]