History Shows CFG could rally into earnings

7 October 2024, 12:59 PM

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By Dmitry Pargamanik

CFG Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, CFG stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 1.5% Gains
CFG is scheduled to report earnings on 16-Oct-2024. The last time Citizens Financial Group reported earnings on Jul 17, 2024, the stock increased by 3.3% to close at $40.52. At its current price of $41.22, CFG post earnings drift is +1.7%. Typically, traders tended to bid up CFG shares (heading into earnings) prior to its scheduled release.

CFG Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves CFG had for the last 12 quarters around earnings. The 1 week run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 1.5%. That was actually a better bullish play than holding CFG through earnings that saw a 1.3% gain.

CFG historical stock price movement before earnings

Go to CFG Historical Price Movements Around Earnings page



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