Citigroup Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Citigroup Inc. (NYSE:C) is set to release its Q3 earnings on Oct. 15, with expected earnings of $1.31 per share, down from $1.63 a year ago, and projected revenue of $19.84 billion. Recent analyst ratings show mixed sentiments, with some increasing and others decreasing price targets. Citigroup recently partnered with Mastercard for cross-border payments, and its stock rose 3.6% to $65.74.
October 14, 2024 | 12:59 pm
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Citigroup is expected to report lower Q3 earnings and revenue compared to last year. Analysts have mixed ratings, with some increasing and others decreasing price targets. The recent partnership with Mastercard could positively impact future growth.
The expected decrease in earnings and revenue may negatively impact the stock in the short term. However, the recent partnership with Mastercard and mixed analyst ratings suggest a neutral short-term impact. The stock's recent 3.6% gain indicates some positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100