Analysts on Wall Street project that Citigroup (C Quick QuoteC - Free Report) will announce quarterly earnings of $1.62 per share in its forthcoming report, representing an increase of 6.6% year over year. Revenues are projected to reach $20.95 billion, increasing 4% from the same quarter last year.

Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.

In light of this perspective, let's dive into the average estimates of certain Citigroup metrics that are commonly tracked and forecasted by Wall Street analysts.

According to the collective judgment of analysts, 'Markets Revenues, net of interest expense' should come in at $5.37 billion. The estimate indicates a change of +5.5% from the prior-year quarter.

The consensus among analysts is that 'Services Revenues- Total non-interest revenue' will reach $1.51 billion. The estimate indicates a year-over-year change of +3.7%.

Analysts forecast 'Revenue by component- Markets- Fixed Income markets- Fixed Income markets Total' to reach $3.91 billion. The estimate indicates a year-over-year change of +9.8%.

Analysts expect 'Wealth Revenues- Total non-interest revenue' to come in at $807.28 million. The estimate suggests a change of +5.3% year over year.

The consensus estimate for 'Efficiency Ratio' stands at 64.9%. Compared to the current estimate, the company reported 66.3% in the same quarter of the previous year.

The combined assessment of analysts suggests that 'Book value per common share' will likely reach $105.48 . Compared to the current estimate, the company reported $99.70 in the same quarter of the previous year.

It is projected by analysts that the 'Average balance - Total interest-earning assets' will reach $2322.01 billion. Compared to the current estimate, the company reported $2256.92 billion in the same quarter of the previous year.

The collective assessment of analysts points to an estimated 'Leverage Ratio' of 7.0%. The estimate is in contrast to the year-ago figure of 7.2%.

The average prediction of analysts places 'Total non-accrual loans' at $3.46 billion. The estimate compares to the year-ago value of $2.25 billion.

Analysts' assessment points toward 'Supplementary Leverage Ratio' reaching 5.6%. The estimate compares to the year-ago value of 5.9%.

Based on the collective assessment of analysts, 'Total non-accrual assets' should arrive at $3.25 billion. The estimate is in contrast to the year-ago figure of $2.28 billion.

Analysts predict that the 'Consumer non-accrual loans- Total' will reach $1.46 billion. The estimate compares to the year-ago value of $1.25 billion.

Over the past month, shares of Citigroup have returned +9.5% versus the Zacks S&P 500 composite's +4.4% change. Currently, C carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .