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Citigroup (C) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Citigroup (C - Free Report) closed at $64.22, marking a +1.6% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.56%. At the same time, the Dow added 1.77%, and the tech-heavy Nasdaq gained 2.2%.
Prior to today's trading, shares of the U.S. bank had gained 21.42% over the past month. This has outpaced the Finance sector's gain of 8.81% and the S&P 500's gain of 6.41% 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. On that day, C is projected to report earnings of $1.85 per share, which would represent 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.
Any recent changes to analyst estimates for C should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating 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.
In terms of valuation, C is currently trading at a Forward P/E ratio of 8.43. This valuation marks a discount compared to its industry's average Forward P/E of 10.48.
We can also see that C currently has a PEG ratio of 0.79. 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. The Banks - Major Regional industry currently had an average PEG ratio of 1.26 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 185, putting it in the bottom 28% 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.
To follow C in the coming trading sessions, be sure to utilize Zacks.com.
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Citigroup (C) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Citigroup (C - Free Report) closed at $64.22, marking a +1.6% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.56%. At the same time, the Dow added 1.77%, and the tech-heavy Nasdaq gained 2.2%.
Prior to today's trading, shares of the U.S. bank had gained 21.42% over the past month. This has outpaced the Finance sector's gain of 8.81% and the S&P 500's gain of 6.41% 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. On that day, C is projected to report earnings of $1.85 per share, which would represent 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.
Any recent changes to analyst estimates for C should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating 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.
In terms of valuation, C is currently trading at a Forward P/E ratio of 8.43. This valuation marks a discount compared to its industry's average Forward P/E of 10.48.
We can also see that C currently has a PEG ratio of 0.79. 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. The Banks - Major Regional industry currently had an average PEG ratio of 1.26 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 185, putting it in the bottom 28% 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.
To follow C in the coming trading sessions, be sure to utilize Zacks.com.