Having exceeded expectations last quarter by 10 cents per share, Citigroup Inc. is scheduled to report again on Monday.
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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