We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Why the Market Dipped But Citigroup (C) Gained Today
Read MoreHide Full Article
In the latest trading session, Citigroup (C - Free Report) closed at $73.68, marking a +1.29% move from the previous day. This change outpaced the S&P 500's 1.11% loss on the day. Elsewhere, the Dow saw a downswing of 0.42%, while the tech-heavy Nasdaq depreciated by 1.89%.
Prior to today's trading, shares of the U.S. bank had gained 1.22% over the past month. This has outpaced the Finance sector's loss of 3.95% and the S&P 500's loss of 1.7% in that time.
Market participants will be closely following the financial results of Citigroup in its upcoming release. The company plans to announce its earnings on January 15, 2025. The company is expected to report EPS of $1.22, up 45.24% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $19.49 billion, up 11.75% from the prior-year quarter.
Any recent changes to analyst estimates for Citigroup should also be noted by investors. 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. Within the past 30 days, our consensus EPS projection has moved 0.38% higher. Citigroup currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Citigroup is holding a Forward P/E ratio of 10.11. This denotes a discount relative to the industry's average Forward P/E of 14.69.
It is also worth noting that C currently has a PEG ratio of 0.64. 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. As of the close of trade yesterday, the Financial - Investment Bank industry held an average PEG ratio of 1.28.
The Financial - Investment Bank industry is part of the Finance sector. With its current Zacks Industry Rank of 34, this industry ranks in the top 14% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Why the Market Dipped But Citigroup (C) Gained Today
In the latest trading session, Citigroup (C - Free Report) closed at $73.68, marking a +1.29% move from the previous day. This change outpaced the S&P 500's 1.11% loss on the day. Elsewhere, the Dow saw a downswing of 0.42%, while the tech-heavy Nasdaq depreciated by 1.89%.
Prior to today's trading, shares of the U.S. bank had gained 1.22% over the past month. This has outpaced the Finance sector's loss of 3.95% and the S&P 500's loss of 1.7% in that time.
Market participants will be closely following the financial results of Citigroup in its upcoming release. The company plans to announce its earnings on January 15, 2025. The company is expected to report EPS of $1.22, up 45.24% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $19.49 billion, up 11.75% from the prior-year quarter.
Any recent changes to analyst estimates for Citigroup should also be noted by investors. 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. Within the past 30 days, our consensus EPS projection has moved 0.38% higher. Citigroup currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Citigroup is holding a Forward P/E ratio of 10.11. This denotes a discount relative to the industry's average Forward P/E of 14.69.
It is also worth noting that C currently has a PEG ratio of 0.64. 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. As of the close of trade yesterday, the Financial - Investment Bank industry held an average PEG ratio of 1.28.
The Financial - Investment Bank industry is part of the Finance sector. With its current Zacks Industry Rank of 34, this industry ranks in the top 14% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.