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Citigroup (C) Gains As Market Dips: What You Should Know
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Citigroup (C - Free Report) closed the most recent trading day at $48.88, moving +0.45% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.39%. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Heading into today, shares of the U.S. bank had gained 9.94% over the past month, outpacing the Finance sector's gain of 7.64% and the S&P 500's gain of 6.77% in that time.
Investors will be hoping for strength from Citigroup as it approaches its next earnings release. The company is expected to report EPS of $1.27, down 13.01% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.89 billion, up 5.11% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.10 per share and revenue of $75.16 billion. These totals would mark changes of -29.98% and +5.89%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Citigroup. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.35% lower. Citigroup is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Citigroup's current valuation metrics, including its Forward P/E ratio of 6.86. This valuation marks a discount compared to its industry's average Forward P/E of 10.43.
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. The Banks - Major Regional was holding an average PEG ratio of 1.32 at yesterday's closing price.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 147, which puts it in the bottom 42% 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 (C) Gains As Market Dips: What You Should Know
Citigroup (C - Free Report) closed the most recent trading day at $48.88, moving +0.45% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.39%. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Heading into today, shares of the U.S. bank had gained 9.94% over the past month, outpacing the Finance sector's gain of 7.64% and the S&P 500's gain of 6.77% in that time.
Investors will be hoping for strength from Citigroup as it approaches its next earnings release. The company is expected to report EPS of $1.27, down 13.01% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.89 billion, up 5.11% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.10 per share and revenue of $75.16 billion. These totals would mark changes of -29.98% and +5.89%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Citigroup. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.35% lower. Citigroup is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Citigroup's current valuation metrics, including its Forward P/E ratio of 6.86. This valuation marks a discount compared to its industry's average Forward P/E of 10.43.
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. The Banks - Major Regional was holding an average PEG ratio of 1.32 at yesterday's closing price.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 147, which puts it in the bottom 42% 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.