Citigroup (C) closed at $67.88 in the latest trading session, marking a +1.13% move from the prior day. This move outpaced the S&P 500's daily loss of 0.04%. Meanwhile, the Dow lost 0.05%, and the Nasdaq, a tech-heavy index, lost 0.01%.
Heading into today, shares of the U.S. bank had gained 4.26% over the past month, outpacing the Finance sector's loss of 0.25% and the S&P 500's gain of 0.34% in that time.
Investors will be hoping for strength from C as it approaches its nex t earnings release. On that day, C is projected to report earnings of $1.86 per share, which would represent year-over-year growth of 14.81%. Meanwhile, our latest consensus estimate is calling for revenue of $18.70 billion, up 1.24% from the prior-year quarter.
C's full-year Zacks Consensus Estimates are calling for earnings of $7.60 per share and revenue of $74.08 billion. These results would represent year-over-year changes of +14.29% and +1.69%, respectively.
Investors might also notice recent changes to analyst estimates for C. These recent revisions tend to reflect the evolving nature of short-term business trends. 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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. C is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, C currently has a Forward P/E ratio of 8.83. Its industry sports an average Forward P/E of 11.01, so we one might conclude that C is trading at a discount comparatively.
Meanwhile, C's PEG ratio is currently 0.73. 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 1.34 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 75, putting it in the top 30% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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