Boston, MA 07/11/2013 (wallstreetpr) – Citigroup, Inc. (NYSE:C), a diversified financial services company, is expected to release its financial performance results for the second quarter of this fiscal year on July 15, 2013, before the market opens, and the results are to be reviewed through live teleconference and webcast with the shareholders and management of the company. Analysts on the Wall Street have reinstated the earnings per share estimates for the company at $1.17, and iStock reported that the company shall probably beat these consensus estimates.
It is worth noting that Citigroup, Inc. (NYSE:C) has been successful in topping the consensus estimates of research analysts in the market for the past four consecutive years. Furthermore, the company has also been successful in delivering around 11 positive surprises to investors in the last 16 quarterly releases. The company had on an average beat the consensus estimates by around 471.39 percent in the reported 11 results, which were better than expectations. However, in the remaining five quarterly results in which the company underperformed, it had missed the expectations by a whopping 925 percent on the downside. It is therefore evident that it has been pretty common for the company to report equally impressive swings and misses in the earnings reports.
Citigroup, Inc.’s (NYSE:C) share price declined by 1.16 percent on Wednesday, closing at $49.63 per share for the day. Intraday prices for the stock touched a low of $49.52 and a high of $50.24 per share. Trading volume stood at 23.78 million shares of the company on Wednesday with an average one amounting to 33.30 million per day of trading.
Citigroup, Inc. (NYSE:C) currently has a 52-week low price of $24.91 and a 52-week high price of $53.56 per share. The market cap is $151.02 billion with 3.04 billion shares outstanding and 69 percent institutional ownership.
