Goldman Sachs (GS) closed the most recent trading day at $330.83, moving -0.36% from the previous trading session. Elsewhere, the Dow lost 0.15%, while the tech-heavy Nasdaq lost 2.33%.
Heading into today, shares of the investment bank had lost 2.51% over the past month, lagging the Finance sector's loss of 2.32% and the S&P 500's gain of 1.03% in that time.
Wall Street will be looking for positivity from Goldman Sachs as it approaches its next earnings report date. On that day, Goldman Sachs is projected to report earnings of $7.89 per share, which would represent year-over-year growth of 2.07%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.32 billion, up 3.83% from the year-ago period.
GS's full-year Zacks Consensus Estimates are calling for earnings of $31.83 per share and revenue of $48.45 billion. These results would represent year-over-year changes of +5.89% and +2.28%, respectively.
Any recent changes to analyst estimates for Goldman Sachs should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 0.02% higher within the past month. Goldman Sachs is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Goldman Sachs has a Forward P/E ratio of 10.43 right now. This valuation marks a discount compared to its industry's average Forward P/E of 12.85.
We can also see that GS currently has a PEG ratio of 0.88. 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 0.88 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 213, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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