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) Advances But Underperforms Market: Key Facts
Read MoreHide Full Article
Goldman Sachs (GS - Free Report) ended the recent trading session at $471.03, demonstrating a +0.83% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.07%. Elsewhere, the Dow saw an upswing of 0.31%, while the tech-heavy Nasdaq appreciated by 2.17%.
The investment bank's shares have seen a decrease of 5.04% over the last month, not keeping up with the Finance sector's gain of 4.06% and the S&P 500's gain of 2.92%.
Market participants will be closely following the financial results of Goldman Sachs in its upcoming release. In that report, analysts expect Goldman Sachs to post earnings of $8.46 per share. This would mark year-over-year growth of 54.66%. At the same time, our most recent consensus estimate is projecting a revenue of $12.68 billion, reflecting a 7.29% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $35.50 per share and revenue of $51.53 billion. These totals would mark changes of +55.23% and +11.41%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Goldman Sachs. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.03% increase. Goldman Sachs is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Goldman Sachs is currently trading at a Forward P/E ratio of 13.16. This signifies a discount in comparison to the average Forward P/E of 15.84 for its industry.
Meanwhile, GS's PEG ratio is currently 0.72. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Financial - Investment Bank industry currently had an average PEG ratio of 1.09 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. With its current Zacks Industry Rank of 145, this industry ranks in the bottom 43% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Goldman Sachs (GS) Advances But Underperforms Market: Key Facts
Goldman Sachs (GS - Free Report) ended the recent trading session at $471.03, demonstrating a +0.83% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.07%. Elsewhere, the Dow saw an upswing of 0.31%, while the tech-heavy Nasdaq appreciated by 2.17%.
The investment bank's shares have seen a decrease of 5.04% over the last month, not keeping up with the Finance sector's gain of 4.06% and the S&P 500's gain of 2.92%.
Market participants will be closely following the financial results of Goldman Sachs in its upcoming release. In that report, analysts expect Goldman Sachs to post earnings of $8.46 per share. This would mark year-over-year growth of 54.66%. At the same time, our most recent consensus estimate is projecting a revenue of $12.68 billion, reflecting a 7.29% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $35.50 per share and revenue of $51.53 billion. These totals would mark changes of +55.23% and +11.41%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Goldman Sachs. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.03% increase. Goldman Sachs is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Goldman Sachs is currently trading at a Forward P/E ratio of 13.16. This signifies a discount in comparison to the average Forward P/E of 15.84 for its industry.
Meanwhile, GS's PEG ratio is currently 0.72. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Financial - Investment Bank industry currently had an average PEG ratio of 1.09 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. With its current Zacks Industry Rank of 145, this industry ranks in the bottom 43% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.