In the last trading session, Citigroup (C) closed at $45.58, a movement of -1.62% on the previous day. That move lagged the S&P 500’s 0.84% drop on the day. Meanwhile, the Dow lost 0.36% and the Nasdaq, a tech-heavy index, lost 0.19%.
As of today, shares of the US bank were down 9.17% over the past month, lagging the financial sector’s 7.97% loss and bettering the S&P 500’s 10.24% loss over the period.
Citigroup will look to show strength as it approaches its next earnings release, which is expected on October 14, 2022. In this report, analysts expect Citigroup to report earnings of $1.59 per share. This would mean a decrease of 26.05% compared to the previous year. Our most recent consensus estimate is for quarterly sales of $18.55 billion, up 8.14% from the prior-year period.
C’s Zacks Consensus estimates for the full year are for earnings per share of $7.34 on sales of $75.45 billion. These results would represent annual changes of -27.61% and +6.31%, respectively.
Any recent changes in analyst estimates for Citigroup should also be noted by investors. These recent revisions tend to reflect the evolution of short-term business trends. Therefore, positive estimate revisions reflect analysts’ optimism about the company’s business and profitability.
Based on our research, we believe these estimate revisions are directly related to stock movements related to the team. Investors can benefit from this by using the Zacks Rank. This model accounts for these estimate changes and provides a simple, actionable scoring system.
The Zacks Rank system ranges from #1 (strong buy) to #5 (strong sell) and has a proven, externally verified track record of outperformance, with the #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate is down 0.32% over the past month. Citigroup currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Citigroup currently has a forward P/E of 6.31. His industry has an average forward P/E of 9.93, so we could conclude that Citigroup is trading at a discount by comparison.
We can also see that C currently has a PEG ratio of 0.56. This metric is used in a similar way to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. The C-branch had an average PEG ratio of 1.24 at the close of trading yesterday.
The Banks – Major Regional Regions industry is part of the Financial Sector. This group has a Zacks Industry Rank of 80, placing it in the top 32% of all 250+ industries.
The Zacks Industry Rank is listed in order of best to worst in terms of each company’s average Zacks Rank in each of those sectors. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
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Citigroup Inc. (C): Free Stock Research Report
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