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Citigroup Third Quarter Earnings Preview
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Citigroup (NYSE:C) will release its third quarter results on Monday, October 15, 2012. Analysts are expecting earnings per share of 97 cents after the company booked a profit of only $1.23 a share a year earlier.
Investors should care about a company's quarterly earnings because it shows the state of the business over the past 90 days and provides guidance for the following 90 days. SEE: Everything Investors Need To Know About Earnings
What to Expect: Citigroup is expected to report earnings of 97 cents per share, down 21.1% from a year ago, when the company reported earnings of $1.23 per share.
The consensus estimate has risen from 95 cents three months ago but is unchanged from 30 days ago. For the fiscal year, analysts are projecting earnings of $3.97 per share.
The anticipated revenue for the fiscal year is $76.3 billion.
Company Performance: For the last three quarters, Citigroup's revenue has been falling. It dropped 12.2% to $24.08 billion in second quarter. Prior to that, the figure declined 4% in the first quarter and 6.3% in the fourth quarter of the last fiscal year.
One of the most important estimates of stock market valuation is the price/earnings ratio (P/E ratio). High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: How To Find P/E And PEG Ratios
The stock price has increased from $25.28 on July 12, 2012 to $34.60 over the past quarter. Citigroup's best recent streak was when its price gained $2.38 per share between August 2, 2012 and August 6, 2012.
Investors should care about a company's quarterly earnings because it shows the state of the business over the past 90 days and provides guidance for the following 90 days. SEE: Everything Investors Need To Know About Earnings
What to Expect: Citigroup is expected to report earnings of 97 cents per share, down 21.1% from a year ago, when the company reported earnings of $1.23 per share.
The consensus estimate has risen from 95 cents three months ago but is unchanged from 30 days ago. For the fiscal year, analysts are projecting earnings of $3.97 per share.
The anticipated revenue for the fiscal year is $76.3 billion.
Company Performance: For the last three quarters, Citigroup's revenue has been falling. It dropped 12.2% to $24.08 billion in second quarter. Prior to that, the figure declined 4% in the first quarter and 6.3% in the fourth quarter of the last fiscal year.
One of the most important estimates of stock market valuation is the price/earnings ratio (P/E ratio). High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: How To Find P/E And PEG Ratios
The stock price has increased from $25.28 on July 12, 2012 to $34.60 over the past quarter. Citigroup's best recent streak was when its price gained $2.38 per share between August 2, 2012 and August 6, 2012.
by
Investopedia Staff
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