Citigroup Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Citigroup Inc. C is set to release earnings results for its first quarter before the opening bell on April 12, 2024.

Analysts expect the New York-based company to report quarterly earnings at $1.20 per share, down from $2.19 per share in the year-ago period. Citigroup is projected to report quarterly revenue of $20.40 billion, compared to $19.99 billion in the year-earlier quarter, according to data from Benzinga Pro.

Citigroup recently announced a $2.75 billion redemption of 3.352% Fixed Rate / Floating Rate Notes due 2025.

Citigroup shares fell 2.4% to close at $60.18 on Wednesday.

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.

• Jefferies analyst Ken Usdin maintained a Hold rating and boosted the price target from $56 to $65 on April 8, 2024. This analyst has an accuracy rate of 68%.
• Keefe, Bruyette & Woods analyst David Konrad maintained a Market Perform rating and raised the price target from $54 to $66 on April 5, 2024. This analyst has an accuracy rate of 75%.
• Wells Fargo analyst Mike Mayo maintained an Overweight rating with a price target of $80 on April 1, 2024. This analyst has an accuracy rate of 67%.
• HSBC analyst Saul Martinez maintained a Buy rating and boosted the price target from $61 to $70 on March 28, 2024. This analyst has an accuracy rate of 64%.
• Oppenheimer analyst Chris Kotowski maintained an Outperform rating and cut the price target from $95 to $88 on March 19, 2024. This analyst has an accuracy rate of 84%.

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