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Preview: Citizens Financial Group's Earnings

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On Wednesday, January 20, Citizens Financial Group (NYSE:CFG) will release its latest earnings report. Decipher the announcement with Benzinga's help.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Analysts expect Citizens Financial Group earnings of $0.91 per share. Revenue will likely be around $1.70 billion, according to the consensus estimate. In the same quarter last year, Citizens Financial Group posted EPS of $0.99 on sales of $1.64 billion.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

View more earnings on CFG

The analyst consensus estimate would represent a 8.08% decrease in the company's earnings. Sales would be up 3.85% on a year-over-year basis. Citizens Financial Group's reported EPS has stacked up against analyst estimates in the past like this:

EPS Estimate

0.74

0.07

0.38

0.95

EPS Actual

0.68

0.53

0.03

0.98

Revenue Estimate

1.73 B

1.68 B

1.61 B

1.63 B

Revenue Actual

1.79 B

1.75 B

1.66 B

1.64 B

Stock Performance

Shares of Citizens Financial Group were trading at $40.65 as of January 18. Over the last 52-week period, shares are up 1.84%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Citizens Financial Group is scheduled to hold the call at 08:00:00 ET and can be accessed here.

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