Benzinga | Oct 19, 2021 10:40AM EDT

Preview: Citizens Financial Group's Earnings

Citizens Financial Group(NYSE:CFG) is set to give its latest quarterly earnings report on Wednesday, 2021-10-20. Here's what investors need to know before the announcement.

Analysts estimate that Citizens Financial Group will likely report an Earnings Per Share (EPS) of $1.16

Citizens Financial Group bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat on EPS by 33.94%, which was followed by a $3.12 increase in the share price the next day.

Here's a look at Citizens Financial Group's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 1.09 0.97 0.91 0.74EPS Actual 1.46 1.41 1.04 0.68Revenue Estimate 1.63B 1.65B 1.70B 1.73BRevenue Actual 1.61B 1.66B 1.71B 1.79B

Stock Performance

Shares of Citizens Financial Group were trading at $48.38 as of October 18. Over the last 52-week period, shares are up 76.66%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.