Citizens Financial Group First Quarter 2024 Earnings: EPS Misses Expectations

Citizens Financial Group (NYSE:CFG) First Quarter 2024 Results

Key Financial Results

• Revenue: US$1.79b (down 8.8% from 1Q 2023).
• Net income: US$304.0m (down 38% from 1Q 2023).
• Profit margin: 17% (down from 25% in 1Q 2023).
• EPS: US$0.66 (down from US$1.01 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Citizens Financial Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.9%.

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 6.6% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Citizens Financial Group.

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