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Citizens Financial Group (CFG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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Citizens Financial Group (CFG - Free Report) reported $1.9 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 5.6%. EPS of $0.79 for the same period compares to $0.85 a year ago.
The reported revenue represents a surprise of -1.91% over the Zacks Consensus Estimate of $1.94 billion. With the consensus EPS estimate being $0.79, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Citizens Financial Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Book value per common share: $51.25 versus the six-analyst average estimate of $49.07.
Net charge-offs: $192 million versus $177.44 million estimated by six analysts on average.
Net Interest Margin: 2.8% versus the six-analyst average estimate of 2.8%.
Return on average common equity: 6.1% compared to the 6.6% average estimate based on six analysts.
Return on average total assets: 0.7% versus 0.7% estimated by six analysts on average.
Efficiency Ratio: 66.2% versus the six-analyst average estimate of 65.9%.
Average Balances - Total interest-earning assets: $197.16 billion versus the six-analyst average estimate of $199.98 billion.
Tangible book value per common share: $33.54 versus $31.32 estimated by five analysts on average.
Net charge-offs as a % of average loans and leases: 0.5% compared to the 0.5% average estimate based on four analysts.
Common Equity Tier 1 Capital Ratio (CET1 Capital Ratio): 10.6% versus the four-analyst average estimate of 10.7%.
Tier 1 Leverage Ratio: 9.4% compared to the 9.3% average estimate based on three analysts.
Tier 1 Capital Ratio: 11.9% compared to the 11.9% average estimate based on three analysts.
Shares of Citizens Financial Group have returned +7.3% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Citizens Financial Group (CFG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Citizens Financial Group (CFG - Free Report) reported $1.9 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 5.6%. EPS of $0.79 for the same period compares to $0.85 a year ago.
The reported revenue represents a surprise of -1.91% over the Zacks Consensus Estimate of $1.94 billion. With the consensus EPS estimate being $0.79, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Citizens Financial Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Book value per common share: $51.25 versus the six-analyst average estimate of $49.07.
- Net charge-offs: $192 million versus $177.44 million estimated by six analysts on average.
- Net Interest Margin: 2.8% versus the six-analyst average estimate of 2.8%.
- Return on average common equity: 6.1% compared to the 6.6% average estimate based on six analysts.
- Return on average total assets: 0.7% versus 0.7% estimated by six analysts on average.
- Efficiency Ratio: 66.2% versus the six-analyst average estimate of 65.9%.
- Average Balances - Total interest-earning assets: $197.16 billion versus the six-analyst average estimate of $199.98 billion.
- Tangible book value per common share: $33.54 versus $31.32 estimated by five analysts on average.
- Net charge-offs as a % of average loans and leases: 0.5% compared to the 0.5% average estimate based on four analysts.
- Common Equity Tier 1 Capital Ratio (CET1 Capital Ratio): 10.6% versus the four-analyst average estimate of 10.7%.
- Tier 1 Leverage Ratio: 9.4% compared to the 9.3% average estimate based on three analysts.
- Tier 1 Capital Ratio: 11.9% compared to the 11.9% average estimate based on three analysts.
View all Key Company Metrics for Citizens Financial Group here>>>Shares of Citizens Financial Group have returned +7.3% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.