Goldman Sachs Group Inc. Fourth Quarter Earnings Preview

S&P 500 (NYSE:SPY) component Goldman Sachs Group, Inc. (NYSE:GS) will unveil its latest earnings on Wednesday, January 18, 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, Inc. Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.73 per share, a decline of 54.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $3.14. Between one and three months ago, the average estimate moved down. It also has dropped from $2.74 during the last month. Analysts are projecting profit to rise by 68.7% versus last year to $4.77.

Past Earnings Performance: Last quarter, the company missed estimates by 78 cents, coming in at a loss of 84 cents per share against an estimate of net loss of. In the second quarter, the company also missed expectations.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 23% in revenue from the year-earlier quarter to $6.65 billion.

Analyst Ratings: Analysts are bullish on Goldman Sachs Group as 11 analysts rate it as a buy, one rates it as a sell and 10 rate it as a hold.

A Look Back: In the third quarter, the company swung to a loss of $393 million (84 cents a share) from a profit of $1.9 billion ($2.98) a year earlier, missing analyst expectations. Revenue fell 47.9% to $5.58 billion from $10.71 billion.

Key Stats:.

Revenue has fallen in the past four quarters. Revenue declined 9.3% in the second quarter from the year earlier, dropped 5% in first quarter from the year-ago quarter and 5% in the fourth quarter of the last fiscal year.

Goldman Sachs Group’s loss in the latest quarter followed profits in the previous three quarters. The company reported a profit of $1.09 billion in the second quarter, a profit of $2.73 billion in the first and a profit of $2.39 billion in the fourth quarter of the last fiscal year.

Competitors to Watch: Morgan Stanley (NYSE:MS), JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp. (NYSE:BAC), Citigroup Inc. (NYSE:C), UBS AG (NYSE:UBS), Deutsche Bank AG (NYSE:DB), Wells Fargo & Company (NYSE:WFC), Credit Suisse Group AG (NYSE:CS), and Piper Jaffray Companies (NYSE:PJC).

Stock Price Performance: During January 6, 2012 to January 12, 2012, the stock price had risen $7.79 (8.3%) from $93.42 to $101.21. The stock price saw one of its best stretches over the last year between January 6, 2012 and January 12, 2012 when shares rose for five-straight days, rising 8.3% (+$7.79) over that span. It saw one of its worst periods between December 9, 2011 and December 19, 2011 when shares fell for seven-straight days, falling 13.6% (-$13.75) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks).

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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