S&P 500 (NYSE:SPY) component Goldman Sachs Group (NYSE:GS) will unveil its latest earnings on Tuesday, October 16, 2012. Goldman Sachs is a global investment banking and securities firm that specializes in investment banking, trading and principal investments, asset management and securities services.
Goldman Sachs Group Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of $2.19 per share, a spike from net loss of 84 cents in the year-ago quarter. During the past three months, the average estimate has moved up from $2.05. Between one and three months ago, the average estimate moved up. It has risen from $2.10 during the last month. Analysts are projecting profit to rise by 145.5% versus last year to $11.07.
Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of $1.78 per share versus a mean estimate of profit of $1.14 per share.
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Wall St. Revenue Expectations: Analysts predict a rise of more than twofold in revenue from the year-earlier quarter to $7.2 billion.
Stock Price Performance: Between July 17, 2012 and October 10, 2012, the stock price rose $22.10 (22.6%), from $97.98 to $120.08. The stock price saw one of its best stretches over the last year between August 30, 2012 and September 7, 2012, when shares rose for six straight days, increasing 11.1% (+$11.61) over that span. It saw one of its worst periods between September 14, 2012 and September 26, 2012 when shares fell for nine straight days, dropping 6.8% (-$8.28) over that span.
A Look Back: In the second quarter, profit fell 11.5% to $962 million ($1.78 a share) from $1.09 billion ($1.85 a share) the year earlier, but exceeded analyst expectations. Revenue fell 10% to $8.59 billion from $9.55 billion.
On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 47.9% in the third quarter of the last fiscal year, 22.7% in fourth quarter of the last fiscal year and 13.5% in the first quarter and then fell again in the second quarter.
Analyst Ratings: There are mostly holds on the stock with 12 of 20 analysts surveyed giving that rating.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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