Goldman Sachs Group Inc GS will announce its second quarter results on Thursday before the market opens. It is expected to deliver a single-digit decline in earnings.
According to Estimize, the Street is modeling consensus earnings of $3.70 per share on revenue of $8.753 billion. Meanwhile, the crowd is more bullish and is projecting consensus earnings of $4.00 per share on sales of $9.043 billion.
These figures compare to the earnings of $4.10 per share and revenue of $9.13 billion reported in the second quarter of 2014, and to earnings of $5.94 per share on revenue of $10.617 billion registered in the latest quarter.
It should be noted from the chart above that Goldman Sachs has a history of surpassing consensus estimates.
Related Link: What To Expect From Goldman Sachs, Morgan Stanley Earnings
A ‘Reasonable Quarter’
In a recent report, Susquehanna analysts Doug Sipkin and Justin LaSalle-Tarantin previewed Goldman Sachs’ results, highlighting that late-June uncertainty weighed in on an otherwise “reasonable quarter.”
Seeking to reflect “weaker fixed income trading driven by Greek uncertainty in the second half of June,” the analysts trimmed their second quarter earnings estimate to $3.76 per share, from $4.01 per share. For their part, revenues are expected to come in at $8.7 billion, well below consensus.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
