Having exceeded expectations last quarter by 10 cents per share, Citigroup Inc. is scheduled to report again on Monday.
Analysts currently expect Citigroup to come in with earnings of 90 cents per share on revenues of $18.95 billion. Estimates range from 78 cents per share to $1.07 per share. Over the past two months, the average estimate has moved down from $1.04.
Last Quarter's Results
In the first quarter, profit fell 2.3% to $2.93 billion (95 cents a share) from $3 billion ($1 a share) the year earlier, but exceeded analyst expectations. Revenue fell 4% to $26.3 billion from $27.41 billion.
Analysts are bullish on the stock as 13 analysts rate it as a buy and only three analysts rate it as a sell.
The stock price has been falling recently The share price has fallen $1.30 since June 29, 2012. Looking at change over the last three months, April 12, 2012 and July 9, 2012, the stock price fell $8.52 (-24.6%), from $34.62 to $26.11.
Company Fundamental Trends The company will look to use the upcoming earnings announcement as a salve for two-straight quarters of revenue declines. Revenue decreased by 6.3% during the past fourth quarter of the last fiscal year and dropped further over the first quarter.
Reporting Period: 2Q
Date of Release: Monday, July 16, 2012 before market open
EPS: 90 cents
Revenue Estimate: $18.95 billion