S&P 500 (NYSE:SPY) component Citigroup Inc. (NYSE:C) will unveil its latest earnings tomorrow, Thursday, January 17, 2013. Citigroup is a financial services holding company that provides corporations, governments, and consumers with a broad range of financial products and services.
Citigroup Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 88 cents per share, a rise of more than twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1. Between one and three months ago, the average estimate moved down. It also has dropped from 98 cents during the last month. Analysts are projecting profit to rise by 13.4% versus last year to $3.17.
Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of $1.06 per share versus a mean estimate of net income of 97 cents per share.
Here’s how Citigroup traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: