Citizens Financial Group Inc CFG.N reported quarterly adjusted earnings of 92 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 78 cents. The mean expectation of twenty analysts for the quarter was for earnings of 88 cents per share. Wall Street expected results to range from 86 cents to 92 cents per share.
Revenue rose 3.8% to $2.04 billion from a year ago; analysts expected $2.01 billion.
Citizens Financial Group Inc's reported EPS for the quarter was 92 cents.
The company reported quarterly net income of $402 million.
Citizens Financial Group Inc shares had risen by 5.0% this quarter and gained 7.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 1% in the last three months.
In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"
Wall Street's median 12-month price target for Citizens Financial Group Inc is $52.00, about 9.7% above its last closing price of $46.97
This summary was machine generated from LSEG data July 17 at 01:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)