Citigroup (VS – Free Report) closed at $ 72.53 in the last trading session, marking a movement of + 1.74% from the previous day. This move topped the S&P 500 daily gain by 1.05%.
Prior to today, US bank stocks had gained 0.17% over the past month, surpassing the financial sector’s 2.74% loss and the S&P 500’s 5.07% loss during this period. .
Wall Street will check for C’s positivity as the date of its next earnings report approaches. That should be October 14, 2021. In this report, analysts expect C to post earnings of $ 1.73 per share. That would mark year-over-year growth of 23.57%. Our most recent consensus estimate projects quarterly revenue of $ 17.19 billion, down 0.66% from the previous year.
For the full year, our Zacks consensus estimates project earnings of $ 9.96 per share and revenue of $ 71.05 billion, which would represent changes of + 104.1% and -4 , 38%, respectively, over the previous year.
Investors may also notice recent changes in analysts’ estimates for C. These revisions generally reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Research indicates that these estimate revisions are directly correlated with short-term stock price dynamics. We have developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and provides a clear and actionable scoring model.
Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks Rank system has a proven and externally audited track record of outperformance, with # 1 stocks returning an average of + 25% per year since 1988. Over the past month, Zacks Consensus EPS estimate has fallen 0.02%. C currently has a Zacks rank of # 3 (Hold).
Digging into the valuation, C currently has a forward P / E ratio of 7.16. Its industry has an average forward P / E of 11.67, so one could conclude that C is trading relative to a haircut.
It should also be noted that C currently has a PEG ratio of 0.89. The PEG ratio is similar to the widely used P / E ratio, but this metric also takes into account the expected profit growth rate of the company. The Banks – Major Regional held an average PEG ratio of 1.34 at yesterday’s closing price.
The Banks – Greater Region industry is part of the Finance sector. This group has a Zacks Industry Rank of 114, which places it in the top 45% of all 250+ industries.
The Zacks Industry Rankings assesses the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock market metrics and more on Zacks.com.