Citigroup Earnings Approach

S&P 500 (NYSE:SPY) component Citigroup Inc. (NYSE:C) will unveil its latest earnings on Monday, October 15, 2012. 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 97 cents per share, a decline of 21.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 95 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 97 cents during the last month. Analysts are projecting profit to rise by 8.5% compared to last year’s $3.97.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of 95 cents per share, and the previous quarter, it had net income of $1.11.

Are you well-positioned with a winning post-election portfolio?: Check out our newest CHEAT SHEET stock picks now>>

Stock Price Performance: Between July 16, 2012 and October 9, 2012, the stock price rose $7.79 (29.1%), from $26.81 to $34.60. 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.

A Look Back: In the second quarter, profit fell 11.8% to $2.95 billion (95 cents a share) from $3.34 billion ($1.09 a share) the year earlier, but exceeded analyst expectations. Revenue fell 12.2% to $24.08 billion from $27.44 billion.

Wall St. Revenue Expectations: On average, analysts predict $18.74 billion in revenue this quarter, a decline of 10% from the year-ago quarter. Analysts are forecasting total revenue of $76.3 billion for the year, a decline of 2.6% from last year’s revenue of $78.35 billion.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of three-straight quarters of revenue declines. Revenue fell 6.3% in the fourth quarter of the last fiscal year and 4% in first quarter before falling again in the second quarter.

Analyst Ratings: With 13 analysts rating the stock a buy, three rating it a sell and five rating the stock a hold, there are indications of a bullish stance by analysts.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

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

Don’t Miss These Additional Hot Stories:

Did This Guy Just Kill the Chevy Volt?

Is Pfizer’s Stock a Buy Now?

Are You Ready for Earnings Season?