Citigroup (C) Outpaces Stock Market Gains: What You Should Know
Citigroup (C) closed the most recent trading day at $62.71, moving +0.93% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.14%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq gained 0.68%.
Prior to today's trading, shares of the U.S. bank had gained 20.78% over the past month. This has outpaced the Finance sector's gain of 10.76% and the S&P 500's gain of 9.43% in that time.
C will be looking to display strength as it nears its next earnings release, which is expected to be April 12, 2019. In that report, analysts expect C to post earnings of $1.85 per share. This would mark year-over-year growth of 10.12%. Our most recent consensus estimate is calling for quarterly revenue of $19.08 billion, up 1.11% from the year-ago period.
C's full-year Zacks Consensus Estimates are calling for earnings of $7.50 per share and revenue of $74.58 billion. These results would represent year-over-year changes of +12.78% and +2.37%, respectively.
It is also important to note the recent changes to analyst estimates for C. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.37% lower within the past month. C is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, C currently has a Forward P/E ratio of 8.29. Its industry sports an average Forward P/E of 10.35, so we one might conclude that C is trading at a discount comparatively.
Investors should also note that C has a PEG ratio of 0.78 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. C's industry had an average PEG ratio of 1.25 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 188, which puts it in the bottom 27% 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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