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Citigroup (C) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Citigroup (C - Free Report) closed at $56.21, marking a -1.51% move from the previous day. This move lagged the S&P 500's daily loss of 0.04%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 0.16%.
Heading into today, shares of the U.S. bank had lost 11.12% over the past month, lagging the Finance sector's loss of 5.92% and the S&P 500's loss of 4.99% in that time.
Investors will be hoping for strength from C as it approaches its next earnings release, which is expected to be January 15, 2019. In that report, analysts expect C to post earnings of $1.65 per share. This would mark year-over-year growth of 28.91%. Our most recent consensus estimate is calling for quarterly revenue of $17.95 billion, up 4.05% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.69 per share and revenue of $73.73 billion. These totals would mark changes of +25.52% and +3.19%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for C. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. C is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, C is holding a Forward P/E ratio of 8.53. Its industry sports an average Forward P/E of 10.51, so we one might conclude that C is trading at a discount comparatively.
We can also see that C currently has a PEG ratio of 0.75. 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. The Banks - Major Regional industry currently had an average PEG ratio of 1.11 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 107, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Citigroup (C - Free Report) closed at $56.21, marking a -1.51% move from the previous day. This move lagged the S&P 500's daily loss of 0.04%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 0.16%.
Heading into today, shares of the U.S. bank had lost 11.12% over the past month, lagging the Finance sector's loss of 5.92% and the S&P 500's loss of 4.99% in that time.
Investors will be hoping for strength from C as it approaches its next earnings release, which is expected to be January 15, 2019. In that report, analysts expect C to post earnings of $1.65 per share. This would mark year-over-year growth of 28.91%. Our most recent consensus estimate is calling for quarterly revenue of $17.95 billion, up 4.05% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.69 per share and revenue of $73.73 billion. These totals would mark changes of +25.52% and +3.19%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for C. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. C is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, C is holding a Forward P/E ratio of 8.53. Its industry sports an average Forward P/E of 10.51, so we one might conclude that C is trading at a discount comparatively.
We can also see that C currently has a PEG ratio of 0.75. 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. The Banks - Major Regional industry currently had an average PEG ratio of 1.11 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 107, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.