We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, Goldman Sachs (GS - Free Report) closed at $371.37, marking a +1.08% move from the previous day. This move outpaced the S&P 500's daily gain of 0.12%.
Coming into today, shares of the investment bank had gained 5.54% in the past month. In that same time, the Finance sector gained 3.64%, while the S&P 500 gained 0.33%.
GS will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $9.09, up 45.21% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.01 billion, down 17.2% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $43.70 per share and revenue of $49.21 billion. These totals would mark changes of +76.64% and +10.44%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for GS. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.68% lower. GS currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, GS is holding a Forward P/E ratio of 8.41. This represents a discount compared to its industry's average Forward P/E of 12.72.
Also, we should mention that GS has a PEG ratio of 0.33. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. GS's industry had an average PEG ratio of 1.33 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 55, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Goldman Sachs (GS - Free Report) closed at $371.37, marking a +1.08% move from the previous day. This move outpaced the S&P 500's daily gain of 0.12%.
Coming into today, shares of the investment bank had gained 5.54% in the past month. In that same time, the Finance sector gained 3.64%, while the S&P 500 gained 0.33%.
GS will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $9.09, up 45.21% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.01 billion, down 17.2% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $43.70 per share and revenue of $49.21 billion. These totals would mark changes of +76.64% and +10.44%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for GS. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.68% lower. GS currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, GS is holding a Forward P/E ratio of 8.41. This represents a discount compared to its industry's average Forward P/E of 12.72.
Also, we should mention that GS has a PEG ratio of 0.33. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. GS's industry had an average PEG ratio of 1.33 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 55, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.