In the latest trading session, Citigroup (C) closed at $52.98, marking a +1.4% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.83%. Meanwhile, the Dow gained 0.62%, and the Nasdaq, a tech-heavy index, added 1.43%.
Investors will be hoping for strength from C as it approaches its next earnings release. On that day, C is projected to report earnings of $0.55 per share, which would represent a year-over-year decline of 69.95%. Our most recent consensus estimate is calling for quarterly revenue of $17.62 billion, down 6.08% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.05 per share and revenue of $73.31 billion. These totals would mark changes of -59.76% and -1.31%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for C. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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 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 0.07% lower within the past month. C currently has a Zacks Rank of #3 (Hold).
Digging into valuation, C currently has a Forward P/E ratio of 17.15. For comparison, its industry has an average Forward P/E of 17.15, which means C is trading at a no noticeable deviation to the group.
It is also worth noting that C currently has a PEG ratio of 1.63. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Banks - Major Regional industry currently had an average PEG ratio of 2.87 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 64, which puts it in the top 26% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Citigroup Inc. (C) : Free Stock Analysis Report
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