In the latest trading session, Citigroup (C - Free Report) closed at $64.94, marking a -0.2% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.68%. Meanwhile, the Dow lost 0.33%, and the Nasdaq, a tech-heavy index, lost 1.46%.
Heading into today, shares of the U.S. bank had lost 6.6% over the past month, lagging the Finance sector's loss of 2.11% and the S&P 500's loss of 1.19% in that time.
C will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.86, up 14.81% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $18.70 billion, up 1.24% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.58 per share and revenue of $74.08 billion, which would represent changes of +13.98% and +1.69%, respectively, from the prior year.
Investors should also note any 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. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.51% higher. C is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, C is holding a Forward P/E ratio of 8.59. For comparison, its industry has an average Forward P/E of 10.9, which means C is trading at a discount to the group.
Also, we should mention that C has a PEG ratio of 0.71. 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. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.32 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 152, which puts it in the bottom 41% 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
In the latest trading session, Citigroup (C - Free Report) closed at $64.94, marking a -0.2% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.68%. Meanwhile, the Dow lost 0.33%, and the Nasdaq, a tech-heavy index, lost 1.46%.
Heading into today, shares of the U.S. bank had lost 6.6% over the past month, lagging the Finance sector's loss of 2.11% and the S&P 500's loss of 1.19% in that time.
C will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.86, up 14.81% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $18.70 billion, up 1.24% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.58 per share and revenue of $74.08 billion, which would represent changes of +13.98% and +1.69%, respectively, from the prior year.
Investors should also note any 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. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.51% higher. C is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, C is holding a Forward P/E ratio of 8.59. For comparison, its industry has an average Forward P/E of 10.9, which means C is trading at a discount to the group.
Also, we should mention that C has a PEG ratio of 0.71. 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. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.32 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 152, which puts it in the bottom 41% 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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