Citizens Financial Group Inc reports results for the quarter ended September 30 - Earnings Summary

• Citizens Financial Group Inc CFG.N reported quarterly adjusted earnings of $1.41​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.05. The mean expectation of nineteen analysts for the quarter was for earnings of $1.39 per share. Wall Street expected results to range from $1.32 to $1.41 per share.

• Revenue rose 20.6% to $2.32 billion from a year ago; analysts expected $2.34 billion.

• Citizens Financial Group Inc's reported EPS for the quarter was $1.41​.

• The company reported quarterly net income of $599 million.

• Citizens Financial Group Inc shares had fallen by 0.5% this quarter and gained 8.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.4% in the last three months.​

• In the last 30 days, seven analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 3 "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 $78.00, about 18.7% above its last closing price of $63.43

This summary was machine generated from LSEG data October 16 at 01:32 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)