Looking for a inventory that has been persistently beating earnings estimates and is perhaps nicely
Looking for a inventory that has been persistently beating earnings estimates and is perhaps nicely positioned to maintain the streak alive in its subsequent quarterly report? Citigroup (C), which belongs to the Zacks Banks – Main Regional business, could possibly be a terrific candidate to think about.
This U.S. financial institution has seen a pleasant streak of beating earnings estimates, particularly when trying on the earlier two experiences. The common shock for the final two quarters was 3.93%.
For the newest quarter, Citigroup was anticipated to put up earnings of $1.78 per share, however it reported $1.83 per share as an alternative, representing a shock of two.81%. For the earlier quarter, the consensus estimate was $1.78 per share, whereas it truly produced $1.87 per share, a shock of 5.06%.
Worth and EPS Shock
For Citigroup, estimates have been trending greater, thanks partly to this earnings shock historical past. And while you take a look at the inventory’s optimistic Zacks Earnings ESP (Anticipated Shock Prediction), it is a terrific indicator of a future…