FMP

FMP

Citizens Financial Group, Inc. (CFG) Quarterly Earnings Preview

  • Analysts estimate an earnings per share (EPS) of $0.83 and project revenue to reach approximately $1.96 billion.
  • Despite challenges, CFG is expected to benefit from a rise in Net Interest Income (NII) and fee income.
  • The company's financial health is highlighted by a price-to-earnings (P/E) ratio of 16.21 and a debt-to-equity ratio of 0.56.

Citizens Financial Group, Inc. (NYSE:CFG) is a prominent financial institution in the United States, offering a wide range of banking services. As CFG prepares to release its quarterly earnings on January 17, 2025, investors are keenly watching the company's performance. Analysts estimate an earnings per share (EPS) of $0.83 and project revenue to reach approximately $1.96 billion.

CFG's upcoming earnings report is highly anticipated, as highlighted by Benzinga. Analysts have revised their forecasts, reflecting the importance of this financial disclosure. The report will provide insights into CFG's performance and future outlook, crucial for investors and market watchers.

Despite challenges such as an increasing cost base and deteriorating asset quality, CFG is expected to benefit from a rise in Net Interest Income (NII) and fee income. These factors may support the company's financial performance in the fourth quarter of 2024, as noted by Zacks.

CFG's financial metrics offer a deeper understanding of its market position. With a price-to-earnings (P/E) ratio of 16.21, the market values CFG's earnings moderately. The price-to-sales ratio of 2.03 indicates investor willingness to pay per dollar of sales, while the enterprise value to sales ratio of 2.27 reflects the company's total valuation relative to sales.

The company's financial health is further illustrated by its debt-to-equity ratio of 0.56, indicating a moderate level of debt. However, a current ratio of 0.36 suggests potential liquidity challenges in meeting short-term obligations. Despite these challenges, CFG's earnings yield of 6.17% offers a perspective on the return on investment.