Can Citizens (CFG) Maintain Its Earnings Beat Streak In Q4?
Zacks Investment Research | Jan 16, 2018 10:47PM ET
Citizens Financial Group (NYSE:CFG) is scheduled to report fourth quarter and 2017 results on Jan 19, before the market opens. The company is expected to witness year-over-year growth in revenues and earnings.
Further, Citizens Financial boasts an impressive surprise history. It surpassed earnings estimates in each of the trailing four quarters, with an average beat of 9.1%.
The Providence, RI-based bank’s organic growth was reflected in third-quarter 2017 results, which witnessed continued rise in loan balances and higher revenues. Also, the company recorded lower expenses and improved credit quality.
Citizens Financial’s fourth-quarter results are expected to benefit from rising interest income and prudent expense management efforts. The Zacks Consensus Estimate for the to-be-reported quarter earnings of 67 cents indicates a 21.8% year-over-year improvement.
Citizens Financial Group, Inc. Price and EPS Surprise
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