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What Analyst Projections for Key Metrics Reveal About Goldman (GS) Q1 Earnings
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Wall Street analysts expect Goldman Sachs (GS - Free Report) to post quarterly earnings of $16.48 per share in its upcoming report, which indicates a year-over-year increase of 16.7%. Revenues are expected to be $17.01 billion, up 12.9% from the year-ago quarter.
The current level reflects a downward revision of 3.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Goldman metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Net Revenues- Global Banking & Markets- Total' to come in at $12.65 billion. The estimate points to a change of +18.1% from the year-ago quarter.
Analysts predict that the 'Net Revenues- Asset & Wealth Management- Total' will reach $4.07 billion. The estimate indicates a change of +10.6% from the prior-year quarter.
The consensus among analysts is that 'Net Revenues- Asset & Wealth Management- Private banking and lending' will reach $726.28 million. The estimate points to a change of +0.2% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Revenues- Global Banking & Markets- Other' should come in at $205.50 million. The estimate indicates a year-over-year change of +4.3%.
Analysts forecast 'Net Revenues- Global Banking & Markets- Investment banking fees' to reach $2.42 billion. The estimate suggests a change of +26.3% year over year.
The combined assessment of analysts suggests that 'Net Revenues- Platform Solutions- Total' will likely reach $351.17 million. The estimate points to a change of -48.1% from the year-ago quarter.
The consensus estimate for 'Net Revenues- Global Banking & Markets- Equities' stands at $5.00 billion. The estimate suggests a change of +19.2% year over year.
The collective assessment of analysts points to an estimated 'Net Revenues- Global Banking & Markets- FICC' of $5.02 billion. The estimate indicates a year-over-year change of +14.1%.
It is projected by analysts that the 'Book Value Per Share' will reach $363.76 . The estimate compares to the year-ago value of $344.20 .
The average prediction of analysts places 'Assets Under Supervision (AUS) - Total' at $3679.12 billion. Compared to the current estimate, the company reported $3173.00 billion in the same quarter of the previous year.
Analysts' assessment points toward 'Standardized Capital Rules - Common equity tier 1 capital ratio' reaching 14.4%. The estimate compares to the year-ago value of 14.8%.
Based on the collective assessment of analysts, 'Leverage ratio' should arrive at 6.5%. The estimate is in contrast to the year-ago figure of 5.5%.
Goldman shares have witnessed a change of +3.6% in the past month, in contrast to the Zacks S&P 500 composite's -1.7% move. With a Zacks Rank #3 (Hold), GS is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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What Analyst Projections for Key Metrics Reveal About Goldman (GS) Q1 Earnings
Wall Street analysts expect Goldman Sachs (GS - Free Report) to post quarterly earnings of $16.48 per share in its upcoming report, which indicates a year-over-year increase of 16.7%. Revenues are expected to be $17.01 billion, up 12.9% from the year-ago quarter.
The current level reflects a downward revision of 3.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Goldman metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Net Revenues- Global Banking & Markets- Total' to come in at $12.65 billion. The estimate points to a change of +18.1% from the year-ago quarter.
Analysts predict that the 'Net Revenues- Asset & Wealth Management- Total' will reach $4.07 billion. The estimate indicates a change of +10.6% from the prior-year quarter.
The consensus among analysts is that 'Net Revenues- Asset & Wealth Management- Private banking and lending' will reach $726.28 million. The estimate points to a change of +0.2% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Revenues- Global Banking & Markets- Other' should come in at $205.50 million. The estimate indicates a year-over-year change of +4.3%.
Analysts forecast 'Net Revenues- Global Banking & Markets- Investment banking fees' to reach $2.42 billion. The estimate suggests a change of +26.3% year over year.
The combined assessment of analysts suggests that 'Net Revenues- Platform Solutions- Total' will likely reach $351.17 million. The estimate points to a change of -48.1% from the year-ago quarter.
The consensus estimate for 'Net Revenues- Global Banking & Markets- Equities' stands at $5.00 billion. The estimate suggests a change of +19.2% year over year.
The collective assessment of analysts points to an estimated 'Net Revenues- Global Banking & Markets- FICC' of $5.02 billion. The estimate indicates a year-over-year change of +14.1%.
It is projected by analysts that the 'Book Value Per Share' will reach $363.76 . The estimate compares to the year-ago value of $344.20 .
The average prediction of analysts places 'Assets Under Supervision (AUS) - Total' at $3679.12 billion. Compared to the current estimate, the company reported $3173.00 billion in the same quarter of the previous year.
Analysts' assessment points toward 'Standardized Capital Rules - Common equity tier 1 capital ratio' reaching 14.4%. The estimate compares to the year-ago value of 14.8%.
Based on the collective assessment of analysts, 'Leverage ratio' should arrive at 6.5%. The estimate is in contrast to the year-ago figure of 5.5%.
View all Key Company Metrics for Goldman here>>>Goldman shares have witnessed a change of +3.6% in the past month, in contrast to the Zacks S&P 500 composite's -1.7% move. With a Zacks Rank #3 (Hold), GS is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .