Earnings Outlook For CIT Group

On Tuesday, July 27, CIT Group CIT will release its latest earnings report. Benzinga's outlook for CIT Group is included in the following report.

Net Income, Earnings, 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

Wall Street analysts see CIT Group reporting earnings of $0.9 per share on sales of $462.00 million. CIT Group EPS in the same period a year ago totaled $0.62. Sales were $410.70 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to match the consensus estimate when it reports Tuesday, earnings would be up 245.16%. Revenue would be up 12.49% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Over the last 52-week period, shares of CIT Group are up 161.52%.

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