Citigroup Q4 2023 GAAP EPS $(1.16) Misses $(0.03) Estimate, Sales $17.40B Miss $18.74B Estimate
Portfolio Pulse from Benzinga Newsdesk
Citigroup reported a Q4 2023 GAAP EPS of $(1.16), which missed the $(0.03) estimate. Sales were reported at $17.40 billion, falling short of the $18.74 billion estimate.
January 12, 2024 | 1:01 pm
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Citigroup's Q4 earnings and sales fell below analyst expectations, with a significant miss in GAAP EPS and a lower sales figure than forecasted.
The significant miss in both GAAP EPS and sales compared to analyst estimates is likely to negatively impact investor sentiment and the stock price of Citigroup in the short term. Earnings misses often lead to a decrease in stock price as they reflect weaker financial performance than the market expected.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100