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Market Overview

Citizens Financial Group's Earnings Outlook


Citizens Financial Group (NYSE:CFG) announces its next round of earnings this Friday, April 16. Here is Benzinga's everything-that-matters guide for this Friday's Q1 earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Based on management's projections, Citizens Financial Group analysts model for earnings of $0.97 per share on sales of $1.65 billion. In the same quarter last year, Citizens Financial Group reported earnings per share of $0.09 on revenue of $1.66 billion.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

The Wall Street consensus estimate for earnings would represent a 977.78% increase for the company. Sales would be down 0.42% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q4 2021 Q3 2020 Q2 2020 Q1 2020
EPS Estimate 0.91 0.74 0.07 0.38
EPS Actual 1.04 0.68 0.53 0.03
Revenue Estimate 1.70 B 1.73 B 1.68 B 1.61 B
Revenue Actual 1.71 B 1.79 B 1.75 B 1.66 B

eps graph

Stock Performance

Over the last 52-week period, shares are up 123.6%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. Citizens Financial Group is scheduled to hold the call at 08:00:00 ET and can be accessed here.


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Posted-In: BZI-EPEarnings