Citigroup (C - Free Report) closed at $62.31 in the latest trading session, marking a +0.4% move from the prior day. This move lagged the S&P 500's daily gain of 1.47%. Elsewhere, the Dow gained 0.79%, while the tech-heavy Nasdaq added 2.02%.
Heading into today, shares of the U.S. bank had lost 1.19% over the past month, lagging the Finance sector's gain of 0.38% and the S&P 500's gain of 1.5% in that time.
C will be looking to display strength as it nears its next earnings release. On that day, C is projected to report earnings of $1.82 per share, which would represent year-over-year growth of 8.33%. Our most recent consensus estimate is calling for quarterly revenue of $18.80 billion, down 0.4% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.45 per share and revenue of $74.39 billion. These totals would mark changes of +12.03% and +2.11%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for C. 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 shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.55% lower within the past month. C is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, C currently has a Forward P/E ratio of 8.33. For comparison, its industry has an average Forward P/E of 10.75, which means C is trading at a discount to the group.
We can also see that C currently has a PEG ratio of 0.78. 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. C's industry had an average PEG ratio of 1.26 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 164, which puts it in the bottom 36% of all 250+ industries.
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.
To follow C in the coming trading sessions, be sure to utilize Zacks.com.