Why Citigroup (C) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Citigroup is highlighted as a strong candidate for investors due to its consistent performance in beating earnings estimates, particularly in the last two quarters, with an average surprise of 9.94% [1]. Earnings Performance - In the last reported quarter, Citigroup achieved earnings of $1.34 per share, exceeding the Zacks Consensus Estimate of$1.25 per share, resulting in a surprise of 7.20% [2]. - In the previous quarter, Citigroup was expected to report earnings of $1.34 per share but delivered$1.51 per share, leading to a surprise of 12.69% [2]. Earnings Estimates - Recent estimates for Citigroup have been trending upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating potential for another earnings beat [4]. - The current Earnings ESP for Citigroup stands at +0.26%, suggesting increased analyst optimism regarding its near-term earnings potential [7]. Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [6]. Upcoming Earnings Report - Citigroup's next earnings report is anticipated to be released on April 15, 2025, which could provide further insights into its performance [7].