On Tuesday, January 16th, Citi (C) will release its fourth quarter earnings results before the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of F.
Dave will look at Citi’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Citi ahead of earnings.
Citi in Focus
Citigroup Inc (NYSE:C). is a global financial services company. It provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. The Company also offers various wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, and equity and fixed income research services. Citigroup Inc. is based in New York.
Citi is expected to report earnings at $1.18 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 7.58%. They reported earnings at $1.42 per share, beating their estimate of $1.32. They have an average earnings surprise of 6.23% over the last 4 quarters.
Citigroup Inc. Price and EPS Surprise
Citigroup Inc. Price and EPS Surprise | Citigroup Inc. Quote
Bottom Line
How should investors play Citi ahead of their earnings report? For insights on the best options trades, then tune in at 9:00am tomrrow to see David’s thoughts.
Wall Street’s Next Amazon (NASDAQ:AMZN)Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Citigroup Inc. (C): Free Stock Analysis Report
Original post
Zacks Investment Research