In the latest trading session, Citigroup (C) closed at $67.78, marking a -0.7% move from the previous day. This change lagged the S&P 500's 0.25% loss on the day. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq lost 0.53%.
Coming into today, shares of the U.S. bank had lost 2.42% in the past month. In that same time, the Finance sector lost 1.43%, while the S&P 500 lost 2.35%.
Investors will be hoping for strength from C as it approaches its next earnings release, which is expected to be January 15, 2019. The company is expected to report EPS of $1.65, up 28.91% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $17.95 billion, up 4.05% from the prior-year quarter.
C's full-year Zacks Consensus Estimates are calling for earnings of $6.69 per share and revenue of $73.73 billion. These results would represent year-over-year changes of +25.52% and +3.19%, respectively.
Investors might also notice recent changes to analyst estimates for C. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.45% higher within the past month. C is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that C has a Forward P/E ratio of 10.21 right now. For comparison, its industry has an average Forward P/E of 11.69, which means C is trading at a discount to the group.
We can also see that C currently has a PEG ratio of 0.9. 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. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.23 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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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