S&P 500 (NYSE:SPY) component Goldman Sachs Group, Inc. (NYSE:GS) is set to release its latest earnings. Goldman Sachs Group, Inc. 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 net income of $2.52 per share, a decline of 8.4% 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 $3.89. Between one and three months ago, the average estimate moved down and dropped from $3.63 during the last month. For the year, analysts are projecting profit of $12.75 per share, a decline of 16.2% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 77 cents, reporting net income of $1.56 per share against a mean estimate of profit of 79 cents per share.
Analyst Ratings: Analysts are bullish on this stock with 16 analysts rating it as a buy, one rating it as a sell and four rating it as a hold.
Revenue has fallen in the past four quarters. Revenue declined 5% to $13.64 billion in first quarter. The figure fell 5% in the fourth quarter of the last fiscal year from the year earlier, dropped 21.7% in third quarter of the last fiscal year from the year-ago quarter and 30.7% in the second quarter of the last fiscal year.
While the company has been profitable for the last eight quarters, income has fallen year over year by an average of 48.8% over the past four quarters. The quarter hit the hardest was the second quarter of the last fiscal year, that saw an 82.2% drop.
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).
(Source: Xignite Financials)
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