We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unveiling Citizens Financial Group (CFG) Q3 Outlook: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts expect Citizens Financial Group (CFG - Free Report) to post quarterly earnings of $1.02 per share in its upcoming report, which indicates a year-over-year increase of 29.1%. Revenues are expected to be $2.1 billion, up 10.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Citizens Financial Group metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Efficiency Ratio' should arrive at 63.5%. Compared to the current estimate, the company reported 66.2% in the same quarter of the previous year.
Analysts predict that the 'Book value per common share' will reach $54.03 . The estimate compares to the year-ago value of $51.25 .
The consensus estimate for 'Return on average common equity' stands at 7.5%. Compared to the current estimate, the company reported 6.1% in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Net charge-offs' will likely reach $161.88 million. Compared to the current estimate, the company reported $192.00 million in the same quarter of the previous year.
Analysts expect 'Average Balances - Total interest-earning assets' to come in at $197.27 billion. The estimate compares to the year-ago value of $197.16 billion.
It is projected by analysts that the 'Tangible book value per common share' will reach $36.03 . The estimate is in contrast to the year-ago figure of $33.54 .
The average prediction of analysts places 'Tier 1 Leverage Ratio' at 9.4%. Compared to the current estimate, the company reported 9.4% in the same quarter of the previous year.
According to the collective judgment of analysts, 'Tier 1 Capital Ratio' should come in at 11.9%. The estimate is in contrast to the year-ago figure of 11.9%.
Analysts forecast 'Total Capital Ratio' to reach 13.8%. The estimate compares to the year-ago value of 13.9%.
The collective assessment of analysts points to an estimated 'Nonaccrual loans and leases' of $1.57 billion. The estimate is in contrast to the year-ago figure of $1.69 billion.
Analysts' assessment points toward 'Common Equity Tier 1 Capital Ratio (CET1 Capital Ratio)' reaching 10.6%. The estimate compares to the year-ago value of 10.6%.
The consensus among analysts is that 'Total Noninterest Income' will reach $608.73 million. The estimate is in contrast to the year-ago figure of $532.00 million.
Over the past month, shares of Citizens Financial Group have returned +0.2% versus the Zacks S&P 500 composite's +3.5% change. Currently, CFG carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unveiling Citizens Financial Group (CFG) Q3 Outlook: Wall Street Estimates for Key Metrics
Wall Street analysts expect Citizens Financial Group (CFG - Free Report) to post quarterly earnings of $1.02 per share in its upcoming report, which indicates a year-over-year increase of 29.1%. Revenues are expected to be $2.1 billion, up 10.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Citizens Financial Group metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Efficiency Ratio' should arrive at 63.5%. Compared to the current estimate, the company reported 66.2% in the same quarter of the previous year.
Analysts predict that the 'Book value per common share' will reach $54.03 . The estimate compares to the year-ago value of $51.25 .
The consensus estimate for 'Return on average common equity' stands at 7.5%. Compared to the current estimate, the company reported 6.1% in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Net charge-offs' will likely reach $161.88 million. Compared to the current estimate, the company reported $192.00 million in the same quarter of the previous year.
Analysts expect 'Average Balances - Total interest-earning assets' to come in at $197.27 billion. The estimate compares to the year-ago value of $197.16 billion.
It is projected by analysts that the 'Tangible book value per common share' will reach $36.03 . The estimate is in contrast to the year-ago figure of $33.54 .
The average prediction of analysts places 'Tier 1 Leverage Ratio' at 9.4%. Compared to the current estimate, the company reported 9.4% in the same quarter of the previous year.
According to the collective judgment of analysts, 'Tier 1 Capital Ratio' should come in at 11.9%. The estimate is in contrast to the year-ago figure of 11.9%.
Analysts forecast 'Total Capital Ratio' to reach 13.8%. The estimate compares to the year-ago value of 13.9%.
The collective assessment of analysts points to an estimated 'Nonaccrual loans and leases' of $1.57 billion. The estimate is in contrast to the year-ago figure of $1.69 billion.
Analysts' assessment points toward 'Common Equity Tier 1 Capital Ratio (CET1 Capital Ratio)' reaching 10.6%. The estimate compares to the year-ago value of 10.6%.
The consensus among analysts is that 'Total Noninterest Income' will reach $608.73 million. The estimate is in contrast to the year-ago figure of $532.00 million.
View all Key Company Metrics for Citizens Financial Group here>>>Over the past month, shares of Citizens Financial Group have returned +0.2% versus the Zacks S&P 500 composite's +3.5% change. Currently, CFG carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .