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Citigroup (C) Dips More Than Broader Markets: What You Should Know
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Citigroup (C - Free Report) closed the most recent trading day at $63.50, moving -1.98% from the previous trading session. This change lagged the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.82%, while the tech-heavy Nasdaq lost 0.9%.
Heading into today, shares of the U.S. bank had lost 7.07% over the past month, lagging the Finance sector's gain of 0.99% and the S&P 500's loss of 1.41% in that time.
Wall Street will be looking for positivity from C as it approaches its next earnings report date. This is expected to be January 15, 2019. In that report, analysts expect C to post earnings of $1.65 per share. This would mark year-over-year growth of 28.91%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.95 billion, up 4.05% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.69 per share and revenue of $73.73 billion, which would represent changes of +25.52% and +3.19%, respectively, from the prior year.
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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 0.58% higher within the past month. C is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note C's current valuation metrics, including its Forward P/E ratio of 9.69. Its industry sports an average Forward P/E of 11.56, so we one might conclude that C is trading at a discount comparatively.
It is also worth noting that C currently has a PEG ratio of 0.85. 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. 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 group has a Zacks Industry Rank of 92, putting it in the top 36% 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.
To follow C in the coming trading sessions, be sure to utilize Zacks.com.
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Citigroup (C) Dips More Than Broader Markets: What You Should Know
Citigroup (C - Free Report) closed the most recent trading day at $63.50, moving -1.98% from the previous trading session. This change lagged the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.82%, while the tech-heavy Nasdaq lost 0.9%.
Heading into today, shares of the U.S. bank had lost 7.07% over the past month, lagging the Finance sector's gain of 0.99% and the S&P 500's loss of 1.41% in that time.
Wall Street will be looking for positivity from C as it approaches its next earnings report date. This is expected to be January 15, 2019. In that report, analysts expect C to post earnings of $1.65 per share. This would mark year-over-year growth of 28.91%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.95 billion, up 4.05% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.69 per share and revenue of $73.73 billion, which would represent changes of +25.52% and +3.19%, respectively, from the prior year.
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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 0.58% higher within the past month. C is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note C's current valuation metrics, including its Forward P/E ratio of 9.69. Its industry sports an average Forward P/E of 11.56, so we one might conclude that C is trading at a discount comparatively.
It is also worth noting that C currently has a PEG ratio of 0.85. 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. 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 group has a Zacks Industry Rank of 92, putting it in the top 36% 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.
To follow C in the coming trading sessions, be sure to utilize Zacks.com.