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Goldman Sachs (GS) Gains As Market Dips: What You Should Know
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Goldman Sachs (GS - Free Report) closed the most recent trading day at $390.80, moving +0.13% from the previous trading session. The stock outpaced the S&P 500's daily loss of 1.42%. At the same time, the Dow lost 0.49%, and the tech-heavy Nasdaq lost 0.47%.
Prior to today's trading, shares of the investment bank had gained 0.1% over the past month. This has lagged the Finance sector's gain of 5.07% and the S&P 500's gain of 0.39% in that time.
Wall Street will be looking for positivity from Goldman Sachs as it approaches its next earnings report date. This is expected to be January 18, 2022. The company is expected to report EPS of $12.10, up 0.17% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.09 billion, up 3% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Goldman Sachs. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.63% higher within the past month. Goldman Sachs is currently a Zacks Rank #2 (Buy).
Looking at its valuation, Goldman Sachs is holding a Forward P/E ratio of 9.72. This valuation marks a discount compared to its industry's average Forward P/E of 13.01.
Meanwhile, GS's PEG ratio is currently 0.76. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 0.92 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 13, which puts it in the top 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
View the Zacks #1 Rank List
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Goldman Sachs (GS) Gains As Market Dips: What You Should Know
Goldman Sachs (GS - Free Report) closed the most recent trading day at $390.80, moving +0.13% from the previous trading session. The stock outpaced the S&P 500's daily loss of 1.42%. At the same time, the Dow lost 0.49%, and the tech-heavy Nasdaq lost 0.47%.
Prior to today's trading, shares of the investment bank had gained 0.1% over the past month. This has lagged the Finance sector's gain of 5.07% and the S&P 500's gain of 0.39% in that time.
Wall Street will be looking for positivity from Goldman Sachs as it approaches its next earnings report date. This is expected to be January 18, 2022. The company is expected to report EPS of $12.10, up 0.17% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.09 billion, up 3% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Goldman Sachs. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.63% higher within the past month. Goldman Sachs is currently a Zacks Rank #2 (Buy).
Looking at its valuation, Goldman Sachs is holding a Forward P/E ratio of 9.72. This valuation marks a discount compared to its industry's average Forward P/E of 13.01.
Meanwhile, GS's PEG ratio is currently 0.76. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 0.92 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 13, which puts it in the top 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.