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Goldman Sachs Group (NYSE:GS) unveils its next round of earnings this Tuesday, July 16. Here is Benzinga's everything-that-matters guide for the earnings announcement.
Earnings and Revenue
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Based on management's projections, Goldman Sachs analysts model for earnings of $5.00 per share on sales of $9.13 billion.
Goldman Sachs reported a profit of $5.98 when it published results during the same quarter last year. Sales in that period totaled $9.40 billion. If the company were to match the consensus estimate when it reports Tuesday, EPS would have fallen 16.39%. Revenue would have fallen 2.89% from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
| EPS Estimate | 4.890 | 4.53 | 5.38 | 4.58 |
| EPS Actual | 5.710 | 4.83 | 6.28 | 5.98 |
Stock Performance
Over the last 52-week period, shares of Goldman Sachs have declined 5.84%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.
Over the past 90 days, analysts have adjusted their estimates lower for EPS and revenues. The popular rating by analysts on Goldman Sachs Group stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. Goldman Sachs is scheduled to hold the call at 8:00 a.m. ET and can be accessed here: https://www.goldmansachs.com/investor-relations/index.html
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.