Citizens Financial GroupCFG is set to give its latest quarterly earnings report on Wednesday, 2021-10-20. Here's what investors need to know before the announcement.
Analysts estimate that Citizens Financial Group will likely report an Earnings Per Share (EPS) of $1.16
Citizens Financial Group bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
Last quarter the company beat on EPS by 33.94%, which was followed by a $3.12 increase in the share price the next day.
Here's a look at Citizens Financial Group's past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.09 | 0.97 | 0.91 | 0.74 |
| EPS Actual | 1.46 | 1.41 | 1.04 | 0.68 |
| Revenue Estimate | 1.63B | 1.65B | 1.70B | 1.73B |
| Revenue Actual | 1.61B | 1.66B | 1.71B | 1.79B |
Stock Performance
Shares of Citizens Financial Group were trading at $48.38 as of October 18. Over the last 52-week period, shares are up 76.66%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
