From NASDAQ.:

Citizens Financial Group’s earnings for the quarter ended December 2023 were $0.34 per share, missing the Zacks Consensus Estimate of $0.60 per share. Revenues were reported at $1.99 billion, down from $2.2 billion a year ago, and missing the Zacks Consensus estimate by 0.69%. The stock’s immediate price movement and future earnings expectations will depend on the management’s commentary. Citizens Financial Group shares have lost about 5.9% since the beginning of the year, underperforming the market. The estimate revisions trend for the company has been mixed, resulting in a Zacks Rank #3 (Hold) for the stock.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. Financial – Savings and Loan is currently in the top 37% of the 250 plus Zacks industries. Another stock from the same industry, Provident Financial (PFS), has yet to report results for the quarter ended December 2023, with the results expected on January 25. The consensus EPS estimate is $0.40 per share, and revenues are expected to be $112.6 million, down 14.9% from the year-ago quarter.



Read more: Citizens Financial Group (CFG) Q4 Earnings and Revenues Miss Estimates