Citigroup (C) closed the most recent trading day at $79.89, moving +0.48% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.3%. Meanwhile, the Dow gained 0.27%, and the Nasdaq, a tech-heavy index, added 0.3%.
Prior to today's trading, shares of the U.S. bank had gained 6.7% over the past month. This has outpaced the Finance sector's gain of 2.36% and the S&P 500's gain of 2.69% in that time.
Investors will be hoping for strength from C as it approaches its next earnings release, which is expected to be January 14, 2020. The company is expected to report EPS of $1.96, up 21.74% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.84 billion, up 4.16% from the year-ago period.
Investors should also note any recent changes to analyst estimates for C. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection has moved 0.04% higher. C is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note C's current valuation metrics, including its Forward P/E ratio of 10.26. This valuation marks a discount compared to its industry's average Forward P/E of 12.62.
Investors should also note that C has a PEG ratio of 0.88 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. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.53 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 32, putting it in the top 13% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Citigroup Inc. (C) : Free Stock Analysis Report
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