Citigroup Fourth Quarter Earnings Sneak Peek

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.

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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:

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Stock Price Performance: Between November 13, 2012 and January 11, 2013, the stock price had risen $6.18 (17.1%), from $36.16 to $42.34. The stock price saw one of its best stretches over the last year between January 17, 2012 and January 27, 2012, when shares rose for nine straight days, increasing 9.4% (+$2.65) over that span. It saw one of its worst periods between July 3, 2012 and July 12, 2012 when shares fell for seven straight days, dropping 8.6% (-$2.37) over that span.

Wall St. Revenue Expectations: Analysts are projecting a rise of 9.6% in revenue from the year-earlier quarter to $18.82 billion.

Analyst Ratings: With 19 analysts rating the stock a buy, two rating it a sell and three rating the stock a hold, there are indications of a bullish stance by analysts. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)