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Curious about Citigroup (C) Q3 Performance? Explore Wall Street Estimates for Key Metrics
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Wall Street analysts forecast that Citigroup (C - Free Report) will report quarterly earnings of $2.66 per share in its upcoming release, pointing to a year-over-year increase of 18.8%. It is anticipated that revenues will amount to $23.66 billion, exhibiting an increase of 7.1% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision 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.
Given this perspective, it's time to examine the average forecasts of specific Citigroup metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Markets Revenues, net of interest expense' should arrive at $6.07 billion. The estimate suggests a change of +9.1% year over year.
Analysts forecast 'Revenue by component- Markets- Equity Markets' to reach $1.73 billion. The estimate indicates a change of +12.3% from the prior-year quarter.
The average prediction of analysts places 'Revenue by component- Markets- Fixed Income markets- Fixed Income markets Total' at $4.34 billion. The estimate indicates a year-over-year change of +7.9%.
According to the collective judgment of analysts, 'Average balance - Total interest-earning assets' should come in at $2704.26 billion. The estimate is in contrast to the year-ago figure of $2472.07 billion.
It is projected by analysts that the 'Book value per common share' will reach $115.47 . The estimate compares to the year-ago value of $108.41 .
The combined assessment of analysts suggests that 'Efficiency Ratio' will likely reach 61.0%. Compared to the current estimate, the company reported 64.7% in the same quarter of the previous year.
Analysts expect 'Total non-accrual loans' to come in at $3.72 billion. The estimate is in contrast to the year-ago figure of $3.68 billion.
Analysts predict that the 'Leverage Ratio' will reach 6.2%. The estimate is in contrast to the year-ago figure of 6.7%.
Analysts' assessment points toward 'Supplementary Leverage Ratio' reaching 5.1%. The estimate is in contrast to the year-ago figure of 5.5%.
The consensus estimate for 'Consumer non-accrual loans- Total' stands at $1.58 billion. The estimate is in contrast to the year-ago figure of $1.61 billion.
The collective assessment of analysts points to an estimated 'Tier 1 Capital Ratio' of 14.4%. Compared to the present estimate, the company reported 14.9% in the same quarter last year.
The consensus among analysts is that 'Total non-accrual assets' will reach $3.79 billion. The estimate is in contrast to the year-ago figure of $3.71 billion.
Citigroup shares have witnessed a change of -7.6% in the past month, in contrast to the Zacks S&P 500 composite's +1.4% move. With a Zacks Rank #3 (Hold), C is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Curious about Citigroup (C) Q3 Performance? Explore Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Citigroup (C - Free Report) will report quarterly earnings of $2.66 per share in its upcoming release, pointing to a year-over-year increase of 18.8%. It is anticipated that revenues will amount to $23.66 billion, exhibiting an increase of 7.1% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision 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.
Given this perspective, it's time to examine the average forecasts of specific Citigroup metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Markets Revenues, net of interest expense' should arrive at $6.07 billion. The estimate suggests a change of +9.1% year over year.
Analysts forecast 'Revenue by component- Markets- Equity Markets' to reach $1.73 billion. The estimate indicates a change of +12.3% from the prior-year quarter.
The average prediction of analysts places 'Revenue by component- Markets- Fixed Income markets- Fixed Income markets Total' at $4.34 billion. The estimate indicates a year-over-year change of +7.9%.
According to the collective judgment of analysts, 'Average balance - Total interest-earning assets' should come in at $2704.26 billion. The estimate is in contrast to the year-ago figure of $2472.07 billion.
It is projected by analysts that the 'Book value per common share' will reach $115.47 . The estimate compares to the year-ago value of $108.41 .
The combined assessment of analysts suggests that 'Efficiency Ratio' will likely reach 61.0%. Compared to the current estimate, the company reported 64.7% in the same quarter of the previous year.
Analysts expect 'Total non-accrual loans' to come in at $3.72 billion. The estimate is in contrast to the year-ago figure of $3.68 billion.
Analysts predict that the 'Leverage Ratio' will reach 6.2%. The estimate is in contrast to the year-ago figure of 6.7%.
Analysts' assessment points toward 'Supplementary Leverage Ratio' reaching 5.1%. The estimate is in contrast to the year-ago figure of 5.5%.
The consensus estimate for 'Consumer non-accrual loans- Total' stands at $1.58 billion. The estimate is in contrast to the year-ago figure of $1.61 billion.
The collective assessment of analysts points to an estimated 'Tier 1 Capital Ratio' of 14.4%. Compared to the present estimate, the company reported 14.9% in the same quarter last year.
The consensus among analysts is that 'Total non-accrual assets' will reach $3.79 billion. The estimate is in contrast to the year-ago figure of $3.71 billion.
View all Key Company Metrics for Citigroup here>>>Citigroup shares have witnessed a change of -7.6% in the past month, in contrast to the Zacks S&P 500 composite's +1.4% move. With a Zacks Rank #3 (Hold), C is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .