Goldman Sachs Quarter Earnings on Deck

S&P 500 (NYSE:SPY) component Goldman Sachs Group, Inc. (NYSE:GS) will unveil its latest earnings on Tuesday, October 18, 2011. 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 net income of 26 cents per share, a decline of 91.3% 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 $3.21. Between one and three months ago, the average estimate moved down. It also has dropped from $2.23 during the last month. Analysts are projecting profit to rise by 49.3% versus last year to $7.72.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the second quarter, the company reported profit of $1.85 per share versus a mean estimate of net income of $2.29 per share. In the first quarter, the company beat estimates by 77 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 44.6% in revenue from the year-earlier quarter to $4.93 billion.

Analyst Ratings: 11 out of 20 analysts surveyed (55%) have a buy rating on Goldman Sachs Group.. This is below the mean analyst rating of nine competitors, which average 63.8% buy ratings.

A Look Back: In the second quarter, profit rose 77.3% to $1.09 billion ($1.85 a share) from $613 million (78 cents a share) the year earlier, but fell short analyst expectations. Revenue fell 9.3% to $9.55 billion from $10.52 billion.

Key Stats:

The increase in profit in the second quarter broke a streak of three consecutive quarters of year-over-year profit decreases. Net income dropped 20.9% in the first quarter, 51.8% in the fourth quarter of the last fiscal year and 40.5% in the third quarter of the last fiscal year.

Revenue has fallen in the past four quarters. Revenue declined 5% in the first quarter from the year earlier, dropped 5% in fourth quarter of the last fiscal year from the year-ago quarter and 21.7% in the third 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 July 19, 2011 to October 17, 2011, the stock price had fallen $31.20 (-24.3%) from $128.10 to $96.90. It saw one of its worst periods between April 11, 2011 and April 19, 2011 when shares fell for seven-straight days, falling 6% (-$9.56) over that span. The stock price saw one of its best stretches over the last year between December 29, 2010 and January 5, 2011 when shares rose for six-straight days, rising 3.8% (+$6.32) over that span. Shares are down $71.26 (-42.38%) year to date.

(Source: Xignite Financials)

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