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Why Citizens Financial Group (CFG) Could Be Positioned for a Surge
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Citizens Financial Group, Inc. (CFG - Free Report) is a financial institution that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CFG’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Citizens Financial Group could be a solid choice for investors.
Current Quarter Estimates for CFG
In the past 30 days, seven estimates have gone higher for Citizens Financial Group while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 59 cents a share 30 days ago, to 69 cents today, a move of 16.9%.
Current Year Estimates for CFG
Meanwhile, Citizens Financial Group’s current year figures are also looking quite promising, with eight estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing/narrowing from $1.68 per share 30 days ago to $1.90 per share today, an increase of 13.1%.
Citizens Financial Group, Inc. Price and Consensus
The stock has also started to move higher lately, adding 4.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
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Why Citizens Financial Group (CFG) Could Be Positioned for a Surge
Citizens Financial Group, Inc. (CFG - Free Report) is a financial institution that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CFG’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Citizens Financial Group could be a solid choice for investors.
Current Quarter Estimates for CFG
In the past 30 days, seven estimates have gone higher for Citizens Financial Group while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 59 cents a share 30 days ago, to 69 cents today, a move of 16.9%.
Current Year Estimates for CFG
Meanwhile, Citizens Financial Group’s current year figures are also looking quite promising, with eight estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing/narrowing from $1.68 per share 30 days ago to $1.90 per share today, an increase of 13.1%.
Citizens Financial Group, Inc. Price and Consensus
Citizens Financial Group, Inc. price-consensus-chart | Citizens Financial Group, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 4.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks’ 2020 Election Stock Report: In addition to the companies you learned about above, we invite you to learn more about profiting from the upcoming presidential election. Trillions of dollars will shift into new market sectors after the votes are tallied, and investors could see significant gains. This report reveals specific stocks that could soar: 6 if Trump wins, 6 if Biden wins. Check out the 2020 Election Stock Report >>