Posted 3/21/2024, 9:45:17 PM
Citigroup Stock Outperforms as Earnings Drop Looms
- Citigroup (C) stock rose 2% on latest trading day, outpacing gains in broader market
- Citi set to report Q1 2023 earnings on April 12, with analysts forecasting 25% drop in EPS year-over-year
- For full 2023 fiscal year, consensus estimates call for 3.15% decline in Citi earnings per share
- Citi currently sports Zacks Rank #3 (Hold) and forward P/E ratio of 10.27, below industry average
- Citi stock up 8.68% over past month, outperforming finance sector and S&P 500 over that period
