Shares of Citizens Financial Group (CFG Quick QuoteCFG - Free Report) have been strong performers lately, with the stock up 10.1% over the past month. The stock hit a new 52-week high of $69.95 in the previous session. Citizens Financial Group has gained 18.9% since the start of the year compared to the 3.2% gain for the Zacks Finance sector and the 19% return for the Zacks Banks - Northeast industry.

What's Driving the Outperformance?

The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on April 16, 2026, Citizens Financial Group reported EPS of $1.13 versus consensus estimate of $1.1 while it beat the consensus revenue estimate by 0.38%.

For the current fiscal year, Citizens Financial Group is expected to post earnings of $5.2 per share on $9.06 in revenues. This represents a 34.72% change in EPS on a 9.9% change in revenues. For the next fiscal year, the company is expected to earn $6.42 per share on $9.88 in revenues. This represents a year-over-year change of 23.38% and 9.01%, respectively.

Valuation Metrics

Though Citizens Financial Group has recently hit a 52-week high, what is next for Citizens Financial Group? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.

On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.

Citizens Financial Group has a Value Score of B. The stock's Growth and Momentum Scores are D and A, respectively, giving the company a VGM Score of B.

In terms of its value breakdown, the stock currently trades at 13.4X current fiscal year EPS estimates, which is a premium to the peer industry average of 10.7X. On a trailing cash flow basis, the stock currently trades at 12.9X versus its peer group's average of 12X. Additionally, the stock has a PEG ratio of 0.55. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.

Zacks Rank

We also need to consider the stock's Zacks Rank, as this is even more important than the company's VGM Score. Fortunately, Citizens Financial Group currently has a Zacks Rank of #2 (Buy) thanks to a solid earnings estimate revision trend.

Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Citizens Financial Group fits the bill. Thus, it seems as though Citizens Financial Group shares could have a bit more room to run in the near term.

How Does CFG Stack Up to the Competition?

Shares of CFG have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Citizens Financial Services Inc. (CZFS Quick QuoteCZFS - Free Report) . CZFS has a Zacks Rank of #2 (Buy) and a Value Score of B, a Growth Score of C, and a Momentum Score of C.

Earnings were strong last quarter. Citizens Financial Services Inc. beat our consensus estimate by 9.09%, and for the current fiscal year, CZFS is expected to post earnings of $8.23 per share on revenue of $119.3 million.

Shares of Citizens Financial Services Inc. have gained 7.9% over the past month, and currently trade at a forward P/E of 8.63X and a P/CF of 9.62X.

The Banks - Northeast industry is in the top 29% of all the industries we have in our universe, so it looks like there are some nice tailwinds for CFG and CZFS, even beyond their own solid fundamental situation.