In the latest trading session, Citigroup (C) closed at $75.33, marking a -0.63% move from the previous day. This change lagged the S&P 500's 0.32% loss on the day. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq lost 0.4%.
Prior to today's trading, shares of the U.S. bank had 0% over the past month. This has lagged the Finance sector's gain of 1.09% and the S&P 500's gain of 2.51% in that time.
C will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.84, up 14.29% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $17.77 billion, up 3.77% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.74 per share and revenue of $73.85 billion, which would represent changes of +16.39% and +1.37%, respectively, from the prior year.
Any recent changes to analyst estimates for C should also be noted by investors. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.12% higher. C currently has a Zacks Rank of #3 (Hold).
Digging into valuation, C currently has a Forward P/E ratio of 9.79. This represents a discount compared to its industry's average Forward P/E of 12.5.
Also, we should mention that C has a PEG ratio of 0.84. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.52 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 40% 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.
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