For its third fiscal quarter (ending September 30), Citigroup Inc (NYSE: C) has reported a -7% decline in E.P.S. from $1.64 a year ago to $1.53 in the current quarter. However, this result exceeded the consensus estimate of $1.32 by $0.21. For the latest four quarters through September 30, E.P.S. were $3.51 versus $6.35 for the same period a year ago — a decline of -45%.
Recent Price Action
Citigroup Inc (NYSE: C) stock suffered a large decline of -5.1% on 10/15/24. The stock closed at $62.64. Moreover, exceptionally high trading volume at 283% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, C is expected to continue to be a Value Builder.
Citigroup has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Citigroup has a good Power Rating of 73 and a very high Appreciation Score of 99, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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