Citizens Financial Group prepares for upcoming fourth quarter earnings report

In the United States, Citizens Financial Group, Inc. is set to announce its fourth quarter earnings before the market opens on January 17, 2025. Analysts predict that the company will report quarterly earnings of 83 cents per share, a slight decline compared to the 85 cents per share reported for the same period in the previous year. Revenue for the quarter is anticipated to be $1.96 billion, down from the $1.99 billion achieved in the fourth quarter of the previous year. This forecast comes on the heels of Citizens Financial's disappointing third-quarter financial performance, announced on October 16, 2024, which fell short of analysts’ expectations, prompting concerns about the bank's growth and market position. Despite these setbacks, Citizens Financial's shares rose by 2% to close at $44.16 recently, reflecting some investor optimism or stabilization in response to the analysts' ratings and revised price targets. Several analysts have changed their outlook on the stock, with notable price target increases from firms like Compass Point, Keefe, Bruyette & Woods, Piper Sandler, Goldman Sachs, and Citigroup in recent months. These analysts maintained positive ratings despite the company's recent difficulties, indicating that there is a belief in the stock's potential recovery. Overall, the upcoming earnings report will be a critical indicator of how the company has navigated the economic landscape and whether it can meet or exceed revised expectations following its prior performance slump.