CIT Group Earnings Preview For Tuesday (CIT)
CIT Group (NYSE:CIT) is anticipated to report earnings before the opening bell on April 24, 2012.
Who They Are:
CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing, leasing products, and other services to small and middle market businesses. The company was founded in 1908 and is based in New York, New York. It was formerly a subsidiary of Tyco Capital Ltd. CIT Group shares trade an average of 950,000 shares per day and has a marketcap of $8.1 Billion.
Book Value: $44.30
Float Short: 1.36%
What To Expect:
On average, 10 Analysts are expecting a drop of $-1.71 in earnings per share compared to last quarter's results of $0.17. A beat of $-1.54 per share will top the estimated mean earnings.
Analyst estimates range between $-2.36 and $-0.13 per share.
Here is a look at the fiscal year revenue for CIT Group . 
Recent Stock and Valuation Performance:
From a month ago, the stock has decreased in price -5.94%, with a change from a year ago of 0.75%.
With a gain compared to stocks in general, the stock is better than the overall stock market. When comparing to the S&P 500, the year up to date change is 4.32%.
Revenue year-over-year has decreased to $4.86 billion for 2011 vs. $6.38 billion for 2010. The bottom line has falling earnings year-over-year of $26.70 million for 2011 vs. $523.80 million for 2010.
The short interest is relatively low at 1.36%.
Here are the last few quarters to get an idea how well they perform compared to estimates 
Reported earnings per share compared to the mean estimate. Differences are rounded.
Paid2Trade uses information believed to be correct, but is not guaranteed and is not independently checked for accuracy You may wish to use this article as a starting point of your own research with your financial planner. Seeking Alpha, Edgar Online, Zacks and Yahoo Finance provides most of the data. paid2trade.com uses the "confirmed" symbols from earnings.com that believed to be of the most interest.
