Citigroup (C) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - Wall Street anticipates a year-over-year increase in Citigroup's earnings driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Citigroup is expected to report quarterly earnings of $1.23 per share, reflecting a year-over-year increase of +46.4$19.49 billion, which is an 11.8% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 0.31% higher in the last 30 days, indicating a positive reassessment by analysts [4]. - The Most Accurate Estimate for Citigroup is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.32% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8]. - Citigroup currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [11]. Historical Performance - Citigroup has consistently beaten consensus EPS estimates in the last four quarters, with a notable surprise of +12.69% in the last reported quarter [12][13]. Industry Context - In the broader financial sector, Wells Fargo is also expected to report earnings of $1.34 per share, with a year-over-year change of +3.9$20.52 billion, up 0.2% [17]. - Wells Fargo's consensus EPS estimate has been revised 0.9% higher, resulting in an Earnings ESP of 0.68%, combined with a Zacks Rank of 1, indicating a strong likelihood of beating the consensus [18].