Citigroup (C) Earnings Outlook Diverges with 104% EPS Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Significant Earnings Growth: Citigroup (C) reports a 104% year-over-year increase in earnings per share (EPS), showcasing strong growth momentum despite profitability challenges and valuation uncertainties during its multi-year reorganization.
- Strong Stock Performance: The stock has surged 58.2% over the past year, reflecting positive market sentiment towards the company's restructuring efforts and expansion into high-margin regions, although current valuations may already account for much of the anticipated upside.
- Optimistic Wall Street Ratings: Wall Street analysts maintain a Buy consensus on Citigroup, with an average price target of $131.64, indicating approximately 13.2% upside, which reflects confidence in the company's future profitability.
- Stable Revenue Expectations: Analysts project Citigroup to achieve earnings of $1.62 per share on revenues of $20.45 billion in Q4, underscoring the company's ongoing efforts in financial health and successful turnaround strategies.
Analyst Views on C
Wall Street analysts forecast C stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for C is 115.10 USD with a low forecast of 104.50 USD and a high forecast of 134.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
11 Buy
5 Hold
0 Sell
Moderate Buy
Current: 117.700
Low
104.50
Averages
115.10
High
134.00
Current: 117.700
Low
104.50
Averages
115.10
High
134.00
About C
Citigroup Inc. is a global diversified financial services holding company. The Company’s segments include Services, Markets, Banking, Wealth and U.S. Personal Banking (USPB). The Services segment includes Treasury and Trade Solutions (TTS) and securities services. TTS provides an integrated suite of tailored cash management, trade and working capital solutions to multinational corporations, financial institutions and public sector organizations. The Markets segment provides corporate, institutional and public sector clients around the world with a full range of sales and trading services across equities, foreign exchange, rates, spread products and commodities. The Banking segment includes investment banking, which supports client capital-raising needs to help strengthen and grow their businesses. The Wealth segment includes Private Bank, Wealth at Work and Citigold and provides financial services to a range of client segments. USPB segment includes branded cards and retail services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
