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Gear Up for Goldman (GS) Q2 Earnings: Wall Street Estimates for Key Metrics
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In its upcoming report, Goldman Sachs (GS - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $14.47 per share, reflecting an increase of 32.6% compared to the same period last year. Revenues are forecasted to be $16.49 billion, representing a year-over-year increase of 13.1%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 3.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Goldman metrics that are commonly monitored and projected by Wall Street analysts.
It is projected by analysts that the 'Net Revenues- Platform Solutions- Total' will reach $251.13 million. The estimate indicates a change of -63.3% from the prior-year quarter.
According to the collective judgment of analysts, 'Net Revenues- Global Banking & Markets- Equities' should come in at $5.26 billion. The estimate suggests a change of +22.3% year over year.
The combined assessment of analysts suggests that 'Net Revenues- Global Banking & Markets- Other' will likely reach $142.50 million. The estimate points to a change of -11.5% from the year-ago quarter.
Analysts expect 'Net Revenues- Global Banking & Markets- Investment banking fees' to come in at $2.90 billion. The estimate suggests a change of +32.3% year over year.
Analysts forecast 'Net Revenues- Global Banking & Markets- Total' to reach $12.11 billion. The estimate indicates a year-over-year change of +19.6%.
Based on the collective assessment of analysts, 'Net Revenues- Asset & Wealth Management- Private banking and lending' should arrive at $638.94 million. The estimate points to a change of -19% from the year-ago quarter.
The average prediction of analysts places 'Net Revenues- Global Banking & Markets- FICC' at $3.81 billion. The estimate suggests a change of +9.8% year over year.
The consensus among analysts is that 'Net Revenues- Asset & Wealth Management- Total' will reach $4.18 billion. The estimate indicates a change of +10.7% from the prior-year quarter.
Analysts' assessment points toward 'Book Value Per Share' reaching $365.72 . The estimate compares to the year-ago value of $349.74 .
The consensus estimate for 'Assets Under Supervision (AUS) - Total' stands at $3818.46 billion. Compared to the present estimate, the company reported $3293.00 billion in the same quarter last year.
Analysts predict that the 'Standardized Capital Rules - Common equity tier 1 capital ratio' will reach 12.9%. Compared to the present estimate, the company reported 14.5% in the same quarter last year.
The collective assessment of analysts points to an estimated 'Leverage ratio' of 4.4%. The estimate is in contrast to the year-ago figure of 5.3%.
Shares of Goldman have demonstrated returns of +2.8% over the past month compared to the Zacks S&P 500 composite's +1.1% change. With a Zacks Rank #2 (Buy), GS is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Gear Up for Goldman (GS) Q2 Earnings: Wall Street Estimates for Key Metrics
In its upcoming report, Goldman Sachs (GS - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $14.47 per share, reflecting an increase of 32.6% compared to the same period last year. Revenues are forecasted to be $16.49 billion, representing a year-over-year increase of 13.1%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 3.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Goldman metrics that are commonly monitored and projected by Wall Street analysts.
It is projected by analysts that the 'Net Revenues- Platform Solutions- Total' will reach $251.13 million. The estimate indicates a change of -63.3% from the prior-year quarter.
According to the collective judgment of analysts, 'Net Revenues- Global Banking & Markets- Equities' should come in at $5.26 billion. The estimate suggests a change of +22.3% year over year.
The combined assessment of analysts suggests that 'Net Revenues- Global Banking & Markets- Other' will likely reach $142.50 million. The estimate points to a change of -11.5% from the year-ago quarter.
Analysts expect 'Net Revenues- Global Banking & Markets- Investment banking fees' to come in at $2.90 billion. The estimate suggests a change of +32.3% year over year.
Analysts forecast 'Net Revenues- Global Banking & Markets- Total' to reach $12.11 billion. The estimate indicates a year-over-year change of +19.6%.
Based on the collective assessment of analysts, 'Net Revenues- Asset & Wealth Management- Private banking and lending' should arrive at $638.94 million. The estimate points to a change of -19% from the year-ago quarter.
The average prediction of analysts places 'Net Revenues- Global Banking & Markets- FICC' at $3.81 billion. The estimate suggests a change of +9.8% year over year.
The consensus among analysts is that 'Net Revenues- Asset & Wealth Management- Total' will reach $4.18 billion. The estimate indicates a change of +10.7% from the prior-year quarter.
Analysts' assessment points toward 'Book Value Per Share' reaching $365.72 . The estimate compares to the year-ago value of $349.74 .
The consensus estimate for 'Assets Under Supervision (AUS) - Total' stands at $3818.46 billion. Compared to the present estimate, the company reported $3293.00 billion in the same quarter last year.
Analysts predict that the 'Standardized Capital Rules - Common equity tier 1 capital ratio' will reach 12.9%. Compared to the present estimate, the company reported 14.5% in the same quarter last year.
The collective assessment of analysts points to an estimated 'Leverage ratio' of 4.4%. The estimate is in contrast to the year-ago figure of 5.3%.
View all Key Company Metrics for Goldman here>>>Shares of Goldman have demonstrated returns of +2.8% over the past month compared to the Zacks S&P 500 composite's +1.1% change. With a Zacks Rank #2 (Buy), GS is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .