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Here's Why Goldman Sachs (GS) Fell More Than Broader Market
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Goldman Sachs (GS - Free Report) closed the most recent trading day at $900.36, moving -1.73% from the previous trading session. This change lagged the S&P 500's daily loss of 0.25%. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq added 0.24%.
Shares of the investment bank have depreciated by 8.61% over the course of the past month, underperforming the Finance sector's loss of 4.43%, and the S&P 500's loss of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Goldman Sachs in its upcoming earnings disclosure. The company's earnings report is set to go public on October 13, 2026. On that day, Goldman Sachs is projected to report earnings of $15.18 per share, which would represent year-over-year growth of 23.92%. Alongside, our most recent consensus estimate is anticipating revenue of $17.09 billion, indicating a 12.55% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $69.64 per share and a revenue of $71.62 billion, demonstrating changes of +35.7% and +22.88%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Goldman Sachs. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.08% higher within the past month. Goldman Sachs is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Goldman Sachs is holding a Forward P/E ratio of 13.16. This expresses a premium compared to the average Forward P/E of 13.11 of its industry.
Meanwhile, GS's PEG ratio is currently 0.92. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Financial - Investment Bank industry had an average PEG ratio of 0.92.
The Financial - Investment Bank industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 74, positioning it in the top 31% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Here's Why Goldman Sachs (GS) Fell More Than Broader Market
Goldman Sachs (GS - Free Report) closed the most recent trading day at $900.36, moving -1.73% from the previous trading session. This change lagged the S&P 500's daily loss of 0.25%. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq added 0.24%.
Shares of the investment bank have depreciated by 8.61% over the course of the past month, underperforming the Finance sector's loss of 4.43%, and the S&P 500's loss of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Goldman Sachs in its upcoming earnings disclosure. The company's earnings report is set to go public on October 13, 2026. On that day, Goldman Sachs is projected to report earnings of $15.18 per share, which would represent year-over-year growth of 23.92%. Alongside, our most recent consensus estimate is anticipating revenue of $17.09 billion, indicating a 12.55% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $69.64 per share and a revenue of $71.62 billion, demonstrating changes of +35.7% and +22.88%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Goldman Sachs. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.08% higher within the past month. Goldman Sachs is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Goldman Sachs is holding a Forward P/E ratio of 13.16. This expresses a premium compared to the average Forward P/E of 13.11 of its industry.
Meanwhile, GS's PEG ratio is currently 0.92. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Financial - Investment Bank industry had an average PEG ratio of 0.92.
The Financial - Investment Bank industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 74, positioning it in the top 31% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.