Citigroup Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Benzinga · 10/14 12:59

Citigroup Inc. (NYSE:C) will release earnings results for its third quarter, before the opening bell on Tuesday, Oct. 15.

Analysts expect the New York-based company to report quarterly earnings at $1.31 per share, down from $1.63 per share in the year-ago period. Citigroup projects to report revenue of $19.84 billion for the quarter, compared to $20.14 billion a year earlier, according to data from Benzinga Pro.

On Oct. 10, Citi and Mastercard disclosed a collaboration to offer cross-border payments to Mastercard debit cards in 14 receiving markets worldwide.

Citigroup shares gained 3.6% to close at $65.74 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

  • Oppenheimer analyst Chris Kotowski maintained an Outperform rating and boosted the price target from $87 to $92 on Oct. 2. This analyst has an accuracy rate of 85%.
  • Goldman Sachs analyst Richard Ramsden maintained a Buy rating and cut the price target from $75 to $71 on Sept. 11. This analyst has an accuracy rate of 67%.
  • BMO Capital analyst James Fotheringham maintained a Market Perform rating and boosted the price target from $65 to $67 on July 15. This analyst has an accuracy rate of 74%.
  • Argus Research analyst Stephen Biggar maintained a Buy rating and raised the price target from $70 to $72 on July 15. This analyst has an accuracy rate of 72%.
  • Piper Sandler analyst Scott Siefers reiterated an Overweight rating and boosted the price target from $70 to $73 on July 15. This analyst has an accuracy rate of 70%.

Considering buying Citi stock? Here’s what analysts think:

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