What is Zacks Research's Forecast for CFG Q3 Earnings?

Key Points

• Zacks Research has raised its Q3 2026 earnings estimate for Citizens Financial Group to $1.22 per share, up from a previous forecast of $1.20, indicating positive growth expectations.
• Multiple analysts have upgraded their target prices for Citizens Financial Group, with Morgan Stanley raising it from $53 to $71 and Raymond James setting a target of $62.
• The bank recently announced a $1.50 billion stock repurchase program, signaling management's belief that its shares are undervalued.

Citizens Financial Group, Inc. (NYSE:CFG - Free Report) - Investment analysts at Zacks Research upped their Q3 2026 earnings estimates for Citizens Financial Group in a report released on Thursday, October 9th. Zacks Research analyst Team now forecasts that the bank will post earnings of $1.22 per share for the quarter, up from their prior forecast of $1.20. The consensus estimate for Citizens Financial Group's current full-year earnings is $3.92 per share. Zacks Research also issued estimates for Citizens Financial Group's Q4 2026 earnings at $1.34 EPS, FY2026 earnings at $4.68 EPS, Q1 2027 earnings at $1.40 EPS, Q2 2027 earnings at $1.41 EPS and Q3 2027 earnings at $1.49 EPS.

Several other equities research analysts have also recently issued reports on CFG. Raymond James Financial set a $62.00 target price on shares of Citizens Financial Group and gave the stock a "strong-buy" rating in a research report on Tuesday. Morgan Stanley raised shares of Citizens Financial Group from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $53.00 to $71.00 in a research report on Monday, September 29th. Evercore ISI raised their target price on shares of Citizens Financial Group from $57.00 to $61.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 30th. Citigroup raised their target price on shares of Citizens Financial Group from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Finally, Cantor Fitzgerald began coverage on shares of Citizens Financial Group in a research report on Wednesday, September 10th. They issued an "overweight" rating and a $61.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.86.

Citizens Financial Group Stock Performance

Shares of NYSE CFG opened at $51.79 on Friday. The company has a market cap of $22.34 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 0.57 and a beta of 0.79. Citizens Financial Group has a 12 month low of $32.60 and a 12 month high of $55.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.84. The company has a 50-day simple moving average of $51.01 and a 200-day simple moving average of $44.77.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The bank reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.04. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.01 billion. Citizens Financial Group had a net margin of 13.26% and a return on equity of 6.94%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, July 31st. Citizens Financial Group's payout ratio is presently 51.06%.

Citizens Financial Group declared that its board has approved a stock repurchase program on Friday, June 13th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the bank to reacquire up to 8.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Citizens Financial Group by 0.4% in the second quarter. Vanguard Group Inc. now owns 51,548,977 shares of the bank's stock worth $2,306,817,000 after buying an additional 209,467 shares during the last quarter. Invesco Ltd. increased its stake in Citizens Financial Group by 1.2% during the second quarter. Invesco Ltd. now owns 23,671,355 shares of the bank's stock valued at $1,059,293,000 after purchasing an additional 283,321 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Citizens Financial Group by 7.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 10,380,605 shares of the bank's stock valued at $425,293,000 after purchasing an additional 697,494 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Citizens Financial Group by 19.1% during the first quarter. AQR Capital Management LLC now owns 7,366,754 shares of the bank's stock worth $294,007,000 after acquiring an additional 1,180,390 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Citizens Financial Group by 8.9% in the 1st quarter. Royal Bank of Canada now owns 6,801,856 shares of the bank's stock worth $278,672,000 after acquiring an additional 554,618 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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