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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 $45.62, marking a +1.78% move from the previous day. This move outpaced the S&P 500's daily gain of 1.76%. Elsewhere, the Dow gained 1.17%, while the tech-heavy Nasdaq added 3.03%.
Heading into today, shares of the U.S. bank had lost 13.51% over the past month, lagging the Finance sector's loss of 11.12% and the S&P 500's loss of 5.94% in that time.
Citigroup will be looking to display strength as it nears its next earnings release, which is expected to be April 14, 2023. In that report, analysts expect Citigroup to post earnings of $1.68 per share. This would mark a year-over-year decline of 16.83%. Our most recent consensus estimate is calling for quarterly revenue of $19.82 billion, up 3.3% from the year-ago period.
C's full-year Zacks Consensus Estimates are calling for earnings of $5.94 per share and revenue of $78.24 billion. These results would represent year-over-year changes of -16.46% and +3.86%, respectively.
Investors might also notice recent changes to analyst estimates for Citigroup. 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.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Citigroup is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Citigroup is currently trading at a Forward P/E ratio of 7.54. Its industry sports an average Forward P/E of 7.54, so we one might conclude that Citigroup is trading at a no noticeable deviation comparatively.
Investors should also note that C has a PEG ratio of 1.51 right now. 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. The Banks - Major Regional was holding an average PEG ratio of 1.09 at yesterday's closing price.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 151, putting it in the bottom 41% 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.
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) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Citigroup (C - Free Report) closed at $45.62, marking a +1.78% move from the previous day. This move outpaced the S&P 500's daily gain of 1.76%. Elsewhere, the Dow gained 1.17%, while the tech-heavy Nasdaq added 3.03%.
Heading into today, shares of the U.S. bank had lost 13.51% over the past month, lagging the Finance sector's loss of 11.12% and the S&P 500's loss of 5.94% in that time.
Citigroup will be looking to display strength as it nears its next earnings release, which is expected to be April 14, 2023. In that report, analysts expect Citigroup to post earnings of $1.68 per share. This would mark a year-over-year decline of 16.83%. Our most recent consensus estimate is calling for quarterly revenue of $19.82 billion, up 3.3% from the year-ago period.
C's full-year Zacks Consensus Estimates are calling for earnings of $5.94 per share and revenue of $78.24 billion. These results would represent year-over-year changes of -16.46% and +3.86%, respectively.
Investors might also notice recent changes to analyst estimates for Citigroup. 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.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Citigroup is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Citigroup is currently trading at a Forward P/E ratio of 7.54. Its industry sports an average Forward P/E of 7.54, so we one might conclude that Citigroup is trading at a no noticeable deviation comparatively.
Investors should also note that C has a PEG ratio of 1.51 right now. 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. The Banks - Major Regional was holding an average PEG ratio of 1.09 at yesterday's closing price.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 151, putting it in the bottom 41% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.