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Here's Why Citigroup (C) Gained But Lagged the Market Today
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Citigroup (C - Free Report) closed the most recent trading day at $57.45, moving +0.07% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 1.12%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.54%.
The U.S. bank's shares have seen an increase of 6.47% over the last month, surpassing the Finance sector's gain of 4.07% and the S&P 500's gain of 2.06%.
The investment community will be paying close attention to the earnings performance of Citigroup in its upcoming release. The company is forecasted to report an EPS of $1.52, showcasing a 18.28% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $20.4 billion, indicating a 4.89% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $5.94 per share and a revenue of $80.11 billion, demonstrating changes of -1.66% and +2.09%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Citigroup. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 0.04% lower within the past month. Currently, Citigroup is carrying a Zacks Rank of #3 (Hold).
Investors should also note Citigroup's current valuation metrics, including its Forward P/E ratio of 9.67. This denotes a discount relative to the industry's average Forward P/E of 11.11.
We can additionally observe that C currently boasts a PEG ratio of 1.57. 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 1.58 at yesterday's closing price.
The Banks - Major Regional industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 71, placing it within the top 29% of over 250 industries.
The Zacks Industry Rank is ordered 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Here's Why Citigroup (C) Gained But Lagged the Market Today
Citigroup (C - Free Report) closed the most recent trading day at $57.45, moving +0.07% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 1.12%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.54%.
The U.S. bank's shares have seen an increase of 6.47% over the last month, surpassing the Finance sector's gain of 4.07% and the S&P 500's gain of 2.06%.
The investment community will be paying close attention to the earnings performance of Citigroup in its upcoming release. The company is forecasted to report an EPS of $1.52, showcasing a 18.28% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $20.4 billion, indicating a 4.89% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $5.94 per share and a revenue of $80.11 billion, demonstrating changes of -1.66% and +2.09%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Citigroup. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 0.04% lower within the past month. Currently, Citigroup is carrying a Zacks Rank of #3 (Hold).
Investors should also note Citigroup's current valuation metrics, including its Forward P/E ratio of 9.67. This denotes a discount relative to the industry's average Forward P/E of 11.11.
We can additionally observe that C currently boasts a PEG ratio of 1.57. 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 1.58 at yesterday's closing price.
The Banks - Major Regional industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 71, placing it within the top 29% of over 250 industries.
The Zacks Industry Rank is ordered 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.