In the latest trading session, Goldman Sachs (GS - Free Report) closed at $396.93, marking a -0.43% move from the previous day. This move lagged the S&P 500's daily loss of 0.1%. Meanwhile, the Dow lost 0.47%, and the Nasdaq, a tech-heavy index, lost 0.47%.
Coming into today, shares of the investment bank had gained 0.33% in the past month. In that same time, the Finance sector gained 5.04%, while the S&P 500 gained 3.67%.
Investors will be hoping for strength from Goldman Sachs as it approaches its next earnings release, which is expected to be January 18, 2022. On that day, Goldman Sachs is projected to report earnings of $12.13 per share, which would represent year-over-year growth of 0.41%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.93 billion, up 1.59% from the year-ago period.
Any recent changes to analyst estimates for Goldman Sachs should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.11% higher within the past month. Goldman Sachs is currently a Zacks Rank #2 (Buy).
Digging into valuation, Goldman Sachs currently has a Forward P/E ratio of 9.98. For comparison, its industry has an average Forward P/E of 12.63, which means Goldman Sachs is trading at a discount to the group.
Also, we should mention that GS has a PEG ratio of 0.89. 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 was holding an average PEG ratio of 0.93 at yesterday's closing price.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 28, putting it in the top 11% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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In the latest trading session, Goldman Sachs (GS - Free Report) closed at $396.93, marking a -0.43% move from the previous day. This move lagged the S&P 500's daily loss of 0.1%. Meanwhile, the Dow lost 0.47%, and the Nasdaq, a tech-heavy index, lost 0.47%.
Coming into today, shares of the investment bank had gained 0.33% in the past month. In that same time, the Finance sector gained 5.04%, while the S&P 500 gained 3.67%.
Investors will be hoping for strength from Goldman Sachs as it approaches its next earnings release, which is expected to be January 18, 2022. On that day, Goldman Sachs is projected to report earnings of $12.13 per share, which would represent year-over-year growth of 0.41%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.93 billion, up 1.59% from the year-ago period.
Any recent changes to analyst estimates for Goldman Sachs should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.11% higher within the past month. Goldman Sachs is currently a Zacks Rank #2 (Buy).
Digging into valuation, Goldman Sachs currently has a Forward P/E ratio of 9.98. For comparison, its industry has an average Forward P/E of 12.63, which means Goldman Sachs is trading at a discount to the group.
Also, we should mention that GS has a PEG ratio of 0.89. 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 was holding an average PEG ratio of 0.93 at yesterday's closing price.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 28, putting it in the top 11% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
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