Citizens Financial Group Q2 Adj. EPS $1.04 Beats $1.01 Estimate, Sales $2.09B Miss $2.10B Estimate
Portfolio Pulse from Benzinga Newsdesk
Citizens Financial Group (NYSE:CFG) reported Q2 adjusted earnings of $1.04 per share, beating the analyst consensus estimate of $1.01 by 2.97%. However, this is an 8.77% decrease from the same period last year. The company's quarterly sales were $2.09 billion, missing the analyst consensus estimate of $2.10 billion by 0.29%, but showing a 4.75% increase from the same period last year.
July 19, 2023 | 10:23 am
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Citizens Financial Group's Q2 earnings beat estimates but are down YoY. Sales missed estimates but are up YoY.
Citizens Financial Group's earnings beat estimates, which is positive for the stock. However, the YoY decrease in earnings and the missed sales estimates could negatively impact the stock. The YoY increase in sales is a positive factor. Overall, the impact on the stock is neutral in the short term.
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