citigroup earning estimates report april 16 2012

citigroup earning estimates report april 16 2012, citigroup Analyst Ratings : Analysts have become increasingly bullish on Citigroup (C) in the month leading up to the company’s first quarter earnings announcement scheduled for Monday, April 16, 2012. The consensus earnings per share estimate has moved up from 95 cents a share to the current expectation of earnings of $1.04 a share.

What to Expect:
The current estimate reflects a 4% rise from the year-ago quarter, when the company reported earnings of $1 per share.

The consensus estimate has decreased from $1.05 over the past three months. Analysts are expecting earnings of $4.07 per share for the fiscal year.

Analysts look for revenue to decrease 28.1% year-over-year to $19.7 billion for the quarter, after being $27.41 billion a year ago. For the year, revenue is expected to come in at $77.5 billion.

Trends to Watch For:
For the last four quarters, the company has seen falling revenue. In fourth quarter of the last fiscal year, revenue fell 6.3% to $23.12 billion. Prior to that, the figure declined 0.3% year-over-year in the third quarter of the last fiscal year, fell 5.1% in second quarter of the last fiscal year and slid 14.9% in the first quarter of the last fiscal year.

The decrease in profit in the fourth quarter of the last fiscal year broke a streak of two consecutive quarters of year-over-year profit increases. The 27% year-over-year profit decline in the fourth quarter of the last fiscal year can be compared with the increases in previous quarters; profit rose 73.9% in the third quarter of the last fiscal year and 23.9% in the second quarter of the last fiscal year.

Analyst Ratings:
The majority of analysts (66.7%) rate Citigroup as a buy. This compares favorably to the analyst ratings of its nearest 10 competitors, which average 55.7% buys. Analyst sentiment has waned during the last three months.

Competitors:
Citigroup provides consumers, corporations, governments and institutions with financial products and services. One of Citigroup’s main competitors in the diversified financial services industry, JPMorgan Chase (JPM), will report earnings on April 13, 2012. Other competitors in the financials sector include: Bank of America (BAC), Wells Fargo (WFC), and Morgan Stanley (MS).

Recent Price Movement:
The stock price has increased from $31.59 on January 12, 2012 to $32.86 over the past quarter.

Earnings estimates provided by Zacks

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