Citigroup Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Citigroup Inc. is expected to report lower Q1 earnings at $1.20 per share, down from $2.19 per share year-over-year, with revenue projected at $20.40 billion, up from $19.99 billion. The company announced a $2.75 billion redemption of notes due 2025. Shares fell 2.4% to $60.18. Analysts from Jefferies, Keefe, Bruyette & Woods, Wells Fargo, HSBC, and Oppenheimer have updated their ratings and price targets for Citigroup.
April 11, 2024 | 10:31 am
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Citigroup is expected to report lower Q1 earnings but with an increase in revenue. Analysts have updated their ratings and price targets, indicating mixed expectations.
The expected decrease in earnings per share (EPS) could negatively impact investor sentiment, while the increase in revenue and the redemption of notes could signal financial health, balancing the stock's outlook. Analysts' updated ratings and price targets reflect a nuanced view of Citigroup's financial health and market position, suggesting a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100