Citigroup (C) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, Citigroup (C) closed at $103.60, marking a +1.07% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.54%. Meanwhile, the Dow gained 0.61%, and the Nasdaq, a tech-heavy index, added 0.65%. The U.S. bank's shares have seen an increase of 2.28% over the last month, surpassing the Finance sector's gain of 0.28% and the S&P 500's loss of 0.8%.The upcoming earnings release of Citigroup will be of great interest to investors. It is anticipated that the company will report an EPS of $1.79, marking a 33.58% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $21.07 billion, up 7.58% from the prior-year quarter. For the full year, the Zacks Consensus Estimates project earnings of $7.6 per share and a revenue of $86.29 billion, demonstrating changes of +27.73% and +6.35%, respectively, from the preceding year. Investors should also take note of any recent adjustments to analyst estimates for Citigroup. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the past month, there's been a 1.08% rise in the Zacks Consensus EPS estimate. Citigroup is currently a Zacks Rank #3 (Hold). In terms of valuation, Citigroup is currently trading at a Forward P/E ratio of 13.48. This signifies a discount in comparison to the average Forward P/E of 16.7 for its industry. We can additionally observe that C currently boasts a PEG ratio of 0.53. 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. The Financial - Investment Bank industry currently had an average PEG ratio of 1.08 as of yesterday's close. The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 11% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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. Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Citigroup Inc. (C): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks