Back to top

Citigroup (C) Outpaces Stock Market Gains: What You Should Know

Read MoreHide Full Article

Citigroup (C - Free Report) closed at $65.06 in the latest trading session, marking a +0.99% move from the prior day. This move outpaced the S&P 500's daily gain of 0.22%. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, added 0.6%.

Coming into today, shares of the U.S. bank had gained 2.37% in the past month. In that same time, the Finance sector lost 0.06%, while the S&P 500 gained 2.39%.

Wall Street will be looking for positivity from C as it approaches its next earnings report date. This is expected to be April 15, 2019. In that report, analysts expect C to post earnings of $1.80 per share. This would mark year-over-year growth of 7.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $18.65 billion, down 1.2% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $7.43 per share and revenue of $74.26 billion, which would represent changes of +11.73% and +1.93%, respectively, from the prior year.

Any recent changes to analyst estimates for C should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

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. Over the past month, the Zacks Consensus EPS estimate has moved 0.45% lower. C is currently sporting a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that C has a Forward P/E ratio of 8.67 right now. This represents a discount compared to its industry's average Forward P/E of 10.75.

It is also worth noting that C currently has a PEG ratio of 0.81. 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 was holding an average PEG ratio of 1.23 at yesterday's closing price.

The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 39% 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.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Citigroup Inc. (C) - free report >>

More from Zacks Tale of the Tape

You May Like

Published in