Analysts have braced themselves for bad news, expecting to see on average a loss of $0.37 for the quarter. While this is the average, there is a lot of variation in what the individual analysts are expecting. The estimates vary from a loss of $1.14 a share, all the way up to a profit of 14 cents. So, it will be interesting to see just how accurate the 37 cent loss estimate will turn out to be. This also leads to the question of what will happen to the stock even it is able to meet or slightly beat estimates? How much will it have to beat by in order for Wall Street to continue to push shares higher?

So far this earnings season, we have seen good numbers coming out of the banks, so maybe this is a good sign of things to come for Citigroup.

Should the company post a loss for the quarter, it is going to mark the sixth consecutive quarter that Citigroup has been in the red. Since the beginning of the credit crunch, back in late 2007, the company has lost in excess of $28 billion dollars.

One good indication for how Citigroup has been doing is the news that was leaked last month that the company's CEO, Vikram Pandit, had written an internal memo claiming that Citigroup was actually profitable for the first two months of the year. We will see if that was accurate, and see how March plays into the equation.

There are plenty of reasons to hope Citigroup is getting back on the right track, and none are less than the fact that the company has received about $45 billion dollars worth of bailout money, so we all have a lot riding on the bank's recovery. In addition to the money that we have already sunk into Citigroup, seeing some good signs from the company will at least ease concern that more cash will be needed in the future.

The company will be releasing earnings before the market opens. What are you expecting in the morning? Should we expect stronger than expected results, or look for another disappointing from the banking giant? Let us hear what you think.