Citizens Financial Group Inc reports results for the quarter ended March 31 - Earnings Summary

• Citizens Financial Group Inc CFG.N reported quarterly adjusted earnings of 77 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 65 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 75 cents per share. Wall Street expected results to range from 73 cents to 77 cents per share.

• Revenue fell 1.2% to $1.94 billion from a year ago; analysts expected $1.94 billion.

• Citizens Financial Group Inc's reported EPS for the quarter was 77 cents​.

• The company reported quarterly net income of $340 million.

• Citizens Financial Group Inc shares had fallen by 11.9% this quarter and lost 17.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.6% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 10 "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 $49.50

This summary was machine generated from LSEG data April 16 at 01:30 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)