Is it time to Buy before this week’s earning report Citigroup (NYSE:C)

Earnings results for Citigroup (NYSE:C)

Citigroup Inc. is expected* to report earnings on 10/14/2021 before market open. The report will be for the fiscal Quarter ending Sep 2021. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.77. The reported EPS for the same quarter last year was $1.4.

Citigroup last issued its quarterly earnings data on July 13th, 2021. The reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.91. The business earned $17.50 billion during the quarter, compared to the consensus estimate of $17.18 billion. Its revenue for the quarter was down 11.5% on a year-over-year basis. Citigroup has generated $4.88 earnings per share over the last year ($9.95 diluted earnings per share) and currently has a price-to-earnings ratio of 7.1. Earnings for Citigroup are expected to decrease by -20.96% in the coming year, from $9.97 to $7.88 per share. Citigroup has confirmed that its next quarterly earnings report will be published on Thursday, October 14th, 2021. Citigroup will be holding an earnings conference call on Thursday, October 14th at 10:00 AM Eastern. Interested parties can or dial in at 404-537-3406 with passcode “2976824”.

Analyst Opinion on Citigroup (NYSE:C)

According to the issued ratings of 17 analysts in the last year, the consensus rating for Citigroup stock is Buy based on the current 6 hold ratings and 11 buy ratings for C. The average twelve-month price target for Citigroup is $79.50 with a high price target of $95.00 and a low price target of $45.00.

on C’s analyst rating history

Citigroup has received a consensus rating of Buy. The company’s average rating score is 2.65, and is based on 11 buy ratings, 6 hold ratings, and no sell ratings. According to analysts’ consensus price target of $79.50, Citigroup has a forecasted upside of 12.5% from its current price of $70.64. Citigroup has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: Citigroup (NYSE:C)

Citigroup pays a meaningful dividend of 2.85%, higher than the bottom 25% of all stocks that pay dividends. Citigroup has only been increasing its dividend for 1 years. The dividend payout ratio of Citigroup is 41.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Citigroup will have a dividend payout ratio of 25.89% next year. This indicates that Citigroup will be able to sustain or increase its dividend.

Insiders buying/selling: Citigroup (NYSE:C)

In the past three months, Citigroup insiders have not sold or bought any company stock. Only 0.07% of the stock of Citigroup is held by insiders. 75.12% of the stock of Citigroup is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Citigroup (NYSE:C

Earnings for Citigroup are expected to decrease by -20.96% in the coming year, from $9.97 to $7.88 per share. The P/E ratio of Citigroup is 7.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.71. The P/E ratio of Citigroup is 7.10, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.47. Citigroup has a PEG Ratio of 0.87. PEG Ratios below 1 indicate that a company could be undervalued. Citigroup has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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