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Goldman Sachs BDC (GSBD) Rises But Trails Market: What Investors Should Know
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Goldman Sachs BDC (GSBD - Free Report) closed the latest trading day at $13.58, indicating a +0.37% change from the previous session's end. The stock lagged the S&P 500's daily gain of 0.73%. On the other hand, the Dow registered a gain of 0.62%, and the technology-centric Nasdaq increased by 0.93%.
Shares of the specialty finance company witnessed a loss of 9.92% over the previous month, trailing the performance of the Finance sector with its loss of 5.07% and the S&P 500's loss of 2.29%.
The investment community will be closely monitoring the performance of Goldman Sachs BDC in its forthcoming earnings report. The company is scheduled to release its earnings on November 7, 2023. On that day, Goldman Sachs BDC is projected to report earnings of $0.57 per share, which would represent year-over-year growth of 1.79%. At the same time, our most recent consensus estimate is projecting a revenue of $113.62 million, reflecting a 19.32% rise from the equivalent quarter last year.
GSBD's full-year Zacks Consensus Estimates are calling for earnings of $2.18 per share and revenue of $447.16 million. These results would represent year-over-year changes of -2.68% and +25.09%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Goldman Sachs BDC. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Goldman Sachs BDC possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Goldman Sachs BDC currently has a Forward P/E ratio of 6.2. This indicates a discount in contrast to its industry's Forward P/E of 6.84.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 85, positioning it in the top 34% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Goldman Sachs BDC (GSBD) Rises But Trails Market: What Investors Should Know
Goldman Sachs BDC (GSBD - Free Report) closed the latest trading day at $13.58, indicating a +0.37% change from the previous session's end. The stock lagged the S&P 500's daily gain of 0.73%. On the other hand, the Dow registered a gain of 0.62%, and the technology-centric Nasdaq increased by 0.93%.
Shares of the specialty finance company witnessed a loss of 9.92% over the previous month, trailing the performance of the Finance sector with its loss of 5.07% and the S&P 500's loss of 2.29%.
The investment community will be closely monitoring the performance of Goldman Sachs BDC in its forthcoming earnings report. The company is scheduled to release its earnings on November 7, 2023. On that day, Goldman Sachs BDC is projected to report earnings of $0.57 per share, which would represent year-over-year growth of 1.79%. At the same time, our most recent consensus estimate is projecting a revenue of $113.62 million, reflecting a 19.32% rise from the equivalent quarter last year.
GSBD's full-year Zacks Consensus Estimates are calling for earnings of $2.18 per share and revenue of $447.16 million. These results would represent year-over-year changes of -2.68% and +25.09%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Goldman Sachs BDC. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Goldman Sachs BDC possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Goldman Sachs BDC currently has a Forward P/E ratio of 6.2. This indicates a discount in contrast to its industry's Forward P/E of 6.84.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 85, positioning it in the top 34% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.