In the latest trading session, Citigroup (C) closed at $65.63, marking a -0.46% move from the previous day. This move lagged the S&P 500's daily loss of 0.01%. At the same time, the Dow lost 0.1%, and the tech-heavy Nasdaq gained 0.12%.
Heading into today, shares of the U.S. bank had gained 2.58% over the past month, outpacing the Finance sector's gain of 1.53% and the S&P 500's gain of 2.24% in that time.
Investors will be hoping for strength from C as it approaches its next earnings release, which is expected to be April 15, 2019. On that day, C is projected to report earnings of $1.81 per share, which would represent year-over-year growth of 7.74%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $18.80 billion, down 0.4% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.45 per share and revenue of $74.39 billion. These totals would mark changes of +12.03% and +2.11%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for C. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.39% lower within the past month. C currently has a Zacks Rank of #3 (Hold).
Investors should also note C's current valuation metrics, including its Forward P/E ratio of 8.85. For comparison, its industry has an average Forward P/E of 11.07, which means C is trading at a discount to the group.
Investors should also note that C has a PEG ratio of 0.83 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Banks - Major Regional was holding an average PEG ratio of 1.32 at yesterday's closing price.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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