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Seeking Clues to Goldman (GS) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
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The upcoming report from Goldman Sachs (GS - Free Report) is expected to reveal quarterly earnings of $12.90 per share, indicating an increase of 5.3% compared to the year-ago period. Analysts forecast revenues of $16.87 billion, representing an increase of 11.1% year over year.
The consensus EPS estimate for the quarter has been revised 3.3% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Goldman metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Net Revenues- Global Banking & Markets- Total' of $11.69 billion. The estimate suggests a change of +15.5% year over year.
It is projected by analysts that the 'Net Revenues- Asset & Wealth Management- Total' will reach $4.49 billion. The estimate indicates a year-over-year change of +2.1%.
According to the collective judgment of analysts, 'Net Revenues- Asset & Wealth Management- Private banking and lending' should come in at $701.52 million. The estimate suggests a change of -33.6% year over year.
Based on the collective assessment of analysts, 'Net Revenues- Global Banking & Markets- Other' should arrive at $241.25 million. The estimate suggests a change of -3.5% year over year.
The consensus estimate for 'Net Revenues- Global Banking & Markets- Investment banking fees' stands at $2.76 billion. The estimate points to a change of +3.8% from the year-ago quarter.
The consensus among analysts is that 'Net Revenues- Platform Solutions- Total' will reach $213.00 million. The estimate indicates a change of -68.2% from the prior-year quarter.
Analysts predict that the 'Net Revenues- Global Banking & Markets- Equities' will reach $4.96 billion. The estimate suggests a change of +32.8% year over year.
The average prediction of analysts places 'Net Revenues- Global Banking & Markets- FICC' at $3.72 billion. The estimate suggests a change of +7.3% year over year.
Analysts' assessment points toward 'Book Value Per Share' reaching $368.73 . The estimate is in contrast to the year-ago figure of $353.79 .
Analysts expect 'Assets Under Supervision (AUS) - Total' to come in at $4179.41 billion. Compared to the present estimate, the company reported $3452.00 billion in the same quarter last year.
The combined assessment of analysts suggests that 'Supplementary - Leverage ratio' will likely reach 4.2%. The estimate is in contrast to the year-ago figure of 5.2%.
Analysts forecast 'Standardized Capital Rules - Common equity tier 1 capital ratio' to reach 12.4%. Compared to the current estimate, the company reported 14.4% in the same quarter of the previous year.
Goldman shares have witnessed a change of -13.8% in the past month, in contrast to the Zacks S&P 500 composite's +1.4% 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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Seeking Clues to Goldman (GS) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
The upcoming report from Goldman Sachs (GS - Free Report) is expected to reveal quarterly earnings of $12.90 per share, indicating an increase of 5.3% compared to the year-ago period. Analysts forecast revenues of $16.87 billion, representing an increase of 11.1% year over year.
The consensus EPS estimate for the quarter has been revised 3.3% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Goldman metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Net Revenues- Global Banking & Markets- Total' of $11.69 billion. The estimate suggests a change of +15.5% year over year.
It is projected by analysts that the 'Net Revenues- Asset & Wealth Management- Total' will reach $4.49 billion. The estimate indicates a year-over-year change of +2.1%.
According to the collective judgment of analysts, 'Net Revenues- Asset & Wealth Management- Private banking and lending' should come in at $701.52 million. The estimate suggests a change of -33.6% year over year.
Based on the collective assessment of analysts, 'Net Revenues- Global Banking & Markets- Other' should arrive at $241.25 million. The estimate suggests a change of -3.5% year over year.
The consensus estimate for 'Net Revenues- Global Banking & Markets- Investment banking fees' stands at $2.76 billion. The estimate points to a change of +3.8% from the year-ago quarter.
The consensus among analysts is that 'Net Revenues- Platform Solutions- Total' will reach $213.00 million. The estimate indicates a change of -68.2% from the prior-year quarter.
Analysts predict that the 'Net Revenues- Global Banking & Markets- Equities' will reach $4.96 billion. The estimate suggests a change of +32.8% year over year.
The average prediction of analysts places 'Net Revenues- Global Banking & Markets- FICC' at $3.72 billion. The estimate suggests a change of +7.3% year over year.
Analysts' assessment points toward 'Book Value Per Share' reaching $368.73 . The estimate is in contrast to the year-ago figure of $353.79 .
Analysts expect 'Assets Under Supervision (AUS) - Total' to come in at $4179.41 billion. Compared to the present estimate, the company reported $3452.00 billion in the same quarter last year.
The combined assessment of analysts suggests that 'Supplementary - Leverage ratio' will likely reach 4.2%. The estimate is in contrast to the year-ago figure of 5.2%.
Analysts forecast 'Standardized Capital Rules - Common equity tier 1 capital ratio' to reach 12.4%. Compared to the current estimate, the company reported 14.4% in the same quarter of the previous year.
View all Key Company Metrics for Goldman here>>>Goldman shares have witnessed a change of -13.8% in the past month, in contrast to the Zacks S&P 500 composite's +1.4% 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 >>>> .