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Goldman Sachs (GS) Gains But Lags Market: What You Should Know
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In the latest trading session, Goldman Sachs (GS - Free Report) closed at $203.76, marking a +0.63% move from the previous day. This change lagged the S&P 500's 1.06% gain on the day. Meanwhile, the Dow gained 0.83%, and the Nasdaq, a tech-heavy index, added 1.72%.
Coming into today, shares of the investment bank had lost 11.3% in the past month. In that same time, the Finance sector gained 0.25%, while the S&P 500 lost 2.09%.
Wall Street will be looking for positivity from GS as it approaches its next earnings report date. This is expected to be January 16, 2019. In that report, analysts expect GS to post earnings of $6.11 per share. This would mark year-over-year growth of 7.57%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.26 billion, up 5.46% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $25.32 per share and revenue of $36.34 billion, which would represent changes of +28.14% and +13.32%, respectively, from the prior year.
Any recent changes to analyst estimates for GS should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.56% higher. GS is currently a Zacks Rank #3 (Hold).
Looking at its valuation, GS is holding a Forward P/E ratio of 8. This represents a discount compared to its industry's average Forward P/E of 12.45.
Investors should also note that GS has a PEG ratio of 0.66 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Financial - Investment Bank industry currently had an average PEG ratio of 0.8 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Goldman Sachs (GS) Gains But Lags Market: What You Should Know
In the latest trading session, Goldman Sachs (GS - Free Report) closed at $203.76, marking a +0.63% move from the previous day. This change lagged the S&P 500's 1.06% gain on the day. Meanwhile, the Dow gained 0.83%, and the Nasdaq, a tech-heavy index, added 1.72%.
Coming into today, shares of the investment bank had lost 11.3% in the past month. In that same time, the Finance sector gained 0.25%, while the S&P 500 lost 2.09%.
Wall Street will be looking for positivity from GS as it approaches its next earnings report date. This is expected to be January 16, 2019. In that report, analysts expect GS to post earnings of $6.11 per share. This would mark year-over-year growth of 7.57%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.26 billion, up 5.46% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $25.32 per share and revenue of $36.34 billion, which would represent changes of +28.14% and +13.32%, respectively, from the prior year.
Any recent changes to analyst estimates for GS should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.56% higher. GS is currently a Zacks Rank #3 (Hold).
Looking at its valuation, GS is holding a Forward P/E ratio of 8. This represents a discount compared to its industry's average Forward P/E of 12.45.
Investors should also note that GS has a PEG ratio of 0.66 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Financial - Investment Bank industry currently had an average PEG ratio of 0.8 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.