Posted 11/20/2023, 10:45:16 PM
Citigroup Stock Dips Ahead of Earnings Despite Expected Revenue, EPS Growth
- Citigroup (C) stock closed lower despite market gains due to upcoming earnings report
- Earnings per share expected to be $1.18, up 7.27% year-over-year
- Revenue forecasted at $19.25 billion, a 6.9% increase over last year
- Full-year consensus estimates call for EPS of $6.20, down 12.8%, and revenue of $79.51 billion, up 5.54%
- Citigroup currently has a Zacks Rank of #3 (Hold) and is trading at a lower forward P/E ratio than industry average