Key Highlights:
- Citigroup (C, Financial) beats earnings expectations, posting $1.96 per share in Q2.
- Revenues of $21.7 billion exceeded analyst forecasts by $740 million.
- Mixed signals from analysts on Citigroup's valuation and growth outlook.
Citigroup (C) recently announced a strong second quarter, recording a GAAP earnings per share of $1.96. This figure impressively outpaced expectations by $0.35. The financial giant also generated revenues of $21.7 billion, surpassing predictions by $740 million. Despite these positive indicators, some analysts are questioning whether Citigroup's current share valuation is sustainable.
Wall Street Analysts Forecast
According to the one-year price targets offered by 21 analysts, Citigroup Inc (C, Financial) is expected to reach an average price of $94.07, with projections ranging from a high of $110.00 to a low of $71.21. This average target suggests an upside of 7.51% from the present price of $87.50. Investors can access more detailed projection data on the Citigroup Inc (C) Forecast page.
Moreover, the consensus recommendation from 22 brokerage firms positions Citigroup Inc (C, Financial) with an average brokerage recommendation of 2.0, denoting an "Outperform" status. The recommendation scale spans from 1 to 5, where 1 implies Strong Buy, and 5 indicates Sell.
From the perspective of GuruFocus estimates, the projected GF Value for Citigroup Inc (C, Financial) over the next year stands at $61.26. This estimate hints at a potential downside of 29.99% from the current $87.50 price level. The GF Value is a proprietary GuruFocus metric, devised to determine the fair value of a stock based on historical trading multiples, prior business growth, and anticipated future performance metrics. More comprehensive information is available on the Citigroup Inc (C) Summary page.
