We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Goldman Sachs (GS) Stock Moves -0.01%: What You Should Know
Read MoreHide Full Article
Goldman Sachs (GS - Free Report) closed the latest trading day at $605.43, indicating a -0.01% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 0.38%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw a decrease of 0.59%.
Prior to today's trading, shares of the investment bank had gained 15.49% over the past month. This has outpaced the Finance sector's gain of 6.66% and the S&P 500's gain of 3.76% in that time.
Investors will be eagerly watching for the performance of Goldman Sachs in its upcoming earnings disclosure. The company is predicted to post an EPS of $7.93, indicating a 44.71% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $12.02 billion, indicating a 6.19% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $37.15 per share and a revenue of $51.62 billion, signifying shifts of +62.44% and +11.6%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Goldman Sachs. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.01% rise in the Zacks Consensus EPS estimate. As of now, Goldman Sachs holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Goldman Sachs is holding a Forward P/E ratio of 16.3. This valuation marks a discount compared to its industry's average Forward P/E of 17.11.
Investors should also note that GS has a PEG ratio of 0.88 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Financial - Investment Bank industry held an average PEG ratio of 1.56.
The Financial - Investment Bank industry is part of the Finance sector. With its current Zacks Industry Rank of 48, this industry ranks in the top 20% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GS in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Goldman Sachs (GS) Stock Moves -0.01%: What You Should Know
Goldman Sachs (GS - Free Report) closed the latest trading day at $605.43, indicating a -0.01% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 0.38%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw a decrease of 0.59%.
Prior to today's trading, shares of the investment bank had gained 15.49% over the past month. This has outpaced the Finance sector's gain of 6.66% and the S&P 500's gain of 3.76% in that time.
Investors will be eagerly watching for the performance of Goldman Sachs in its upcoming earnings disclosure. The company is predicted to post an EPS of $7.93, indicating a 44.71% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $12.02 billion, indicating a 6.19% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $37.15 per share and a revenue of $51.62 billion, signifying shifts of +62.44% and +11.6%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Goldman Sachs. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.01% rise in the Zacks Consensus EPS estimate. As of now, Goldman Sachs holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Goldman Sachs is holding a Forward P/E ratio of 16.3. This valuation marks a discount compared to its industry's average Forward P/E of 17.11.
Investors should also note that GS has a PEG ratio of 0.88 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Financial - Investment Bank industry held an average PEG ratio of 1.56.
The Financial - Investment Bank industry is part of the Finance sector. With its current Zacks Industry Rank of 48, this industry ranks in the top 20% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GS in the coming trading sessions, be sure to utilize Zacks.com.