CIT Group Inc. (CIT) will report its next earnings on Jul 25 BMO. The company reported the earnings of $0.68/Share in the last quarter where the estimated EPS by analysts was $0.6/share. The difference between the expected and actual EPS was $0.08/share, which represents an Earnings surprise of 13.3%.
Many analysts are providing their Estimated Earnings analysis for CIT Group Inc. and for the current quarter 9 analysts have projected that the stock could give an Average Earnings estimate of $0.79/share. These analysts have also projected a Low Estimate of $0.69/share and a High Estimate of $0.89/share.
In case of Revenue Estimates, 5 analysts have provided their consensus Average Revenue Estimates for CIT Group Inc. as 487.7 Million. According to these analysts, the Low Revenue Estimate for CIT Group Inc. is 465.2 Million and the High Revenue Estimate is 515.3 Million. The company had Year Ago Sales of 608.7 Million.
These analysts also forecasted Growth Estimates for the Current Quarter for CIT to be 21.5%. They are projecting Next Quarter growth of 37.3%. For the next 5 years, CIT Group Inc. is expecting Growth of 5% per annum, whereas in the past 5 years the growth was -7.66% per annum.
Some buy side analysts are also providing their Analysis on CIT Group Inc., where 5 analysts have rated the stock as Strong buy, 1 analysts have given a Buy signal, 5 said it’s a HOLD, 1 reported it as Underperform. (These Recommendations are for the Current Month Only reported by Yahoo Finance.)
When it comes to the Analysis of a Stock, Price Target plays a vital role. Analysts reported that the Price Target for CIT Group Inc. might touch $60 high while the Average Price Target and Low price Target is $50.25 and $31 respectively.
CIT Group Inc. closed its last trading session at $47.24 with the loss of -1.76%. The Market Capitalization of the company stands at 9.41 Billion. The Company has 52-week high of $50.40 and 52-week low of $34.05. The stock’s current distance from 20-Day Simple Moving Average (SMA20) is -3.97% where SMA50 and SMA200 are -2.95% and 5.85% respectively. The Company Touched its 52-Week High on 07/03/17 and 52-Week Low on 08/12/16.
The Relative Volume of the company is 0.71 and Average Volume (3 months) is 2.78 million.
While it’s Return on Investment (ROI) value is 3%.
While looking at the Stock’s Performance, CIT Group Inc. currently shows a Weekly Performance of -2.29%, where Monthly Performance is -4.88%, Quarterly performance is -0.68%, 6 Months performance is 10.82% and yearly performance percentage is 34.95%. Year to Date performance value (YTD perf) value is 8.74%. The Stock currently has a Weekly Volatility of 1.12% and Monthly Volatility of 1.36%.