Goldman Sachs Group GS announces its next round of earnings this Wednesday, October 14. Here is Benzinga's look at Goldman Sachs Group's Q3 earnings report.
Earnings and Revenue
Goldman Sachs Group earnings will be near $5.57 per share on sales of $9.46 billion, according to analysts. Goldman Sachs Group reported a per-share profit of $4.79 when it published results during the same quarter last year. Sales in that period totaled $8.32 billion. If the company were to report earnings in line when it publishes results Wednesday, earnings would be up 16.28%. Sales would be up 13.66% on a year-over-year basis. Here is how the company's reported EPS has compared to analyst estimates in the past:
| Quarter | Q2 2020 | Q1 2020 | Q4 2020 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | 3.78 | 3.35 | 5.46 | 4.81 |
| EPS Actual | 6.26 | 3.11 | 4.69 | 4.79 |
| Revenue Estimate | 9.73 B | 8.12 B | 8.51 B | 8.34 B |
| Revenue Actual | 13.29 B | 8.74 B | 9.96 B | 8.32 B |
Stock Performance
Shares of Goldman Sachs Group were trading at $214.22 as of October 12. Over the last 52-week period, shares are up 2.6%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Goldman Sachs Group is scheduled to hold the call at 09:30:00 ET and can be accessed here: https://www.goldmansachs.com/investor-relations/presentations/index.html
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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