Citigroup (C - Free Report) closed the most recent trading day at $74.83, moving +0.58% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.06%. At the same time, the Dow lost 0.37%, and the tech-heavy Nasdaq gained 0.24%.
Heading into today, shares of the U.S. bank had gained 3.61% over the past month, outpacing the Finance sector's gain of 3.38% and lagging the S&P 500's gain of 4.72% in that time.
Investors will be hoping for strength from C as it approaches its next earnings release. In that report, analysts expect C to post earnings of $1.84 per share. This would mark year-over-year growth of 14.29%. Meanwhile, our latest consensus estimate is calling for revenue of $17.77 billion, up 3.77% from the prior-year quarter.
C's full-year Zacks Consensus Estimates are calling for earnings of $7.74 per share and revenue of $73.85 billion. These results would represent year-over-year changes of +16.39% and +1.37%, respectively.
Investors might also notice recent changes to analyst estimates for C. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. The Zacks Consensus EPS estimate has moved 0.41% higher within the past month. C is currently a Zacks Rank #3 (Hold).
In terms of valuation, C is currently trading at a Forward P/E ratio of 9.61. Its industry sports an average Forward P/E of 12.25, so we one might conclude that C is trading at a discount comparatively.
It is also worth noting that C currently has a PEG ratio of 0.83. 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 1.48 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 146, putting it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.