Goldman Sachs (GS) Outperforms Broader Market: What You Need to Know

Goldman Sachs (GS) closed the most recent trading day at $911.03, moving +2.45% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.21%. On the other hand, the Dow registered a gain of 1.35%, and the technology-centric Nasdaq decreased by 0.26%. The investment bank's shares have seen an increase of 5.99% over the last month, surpassing the Finance sector's gain of 1.99% and the S&P 500's gain of 0.89%.The investment community will be paying close attention to the earnings performance of Goldman Sachs in its upcoming release. The company is forecasted to report an EPS of $11.52, showcasing a 3.6% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $14.44 billion, up 4.14% from the prior-year quarter. For the full year, the Zacks Consensus Estimates project earnings of $48.87 per share and a revenue of $59.26 billion, demonstrating changes of +20.55% and +10.74%, respectively, from the preceding year. Investors might also notice recent changes to analyst estimates for Goldman Sachs. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.11% lower. As of now, Goldman Sachs holds a Zacks Rank of #3 (Hold). Looking at valuation, Goldman Sachs is presently trading at a Forward P/E ratio of 18.19. Its industry sports an average Forward P/E of 18.19, so one might conclude that Goldman Sachs is trading at no noticeable deviation comparatively. It's also important to note that GS currently trades at a PEG ratio of 1.17. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.17 based on yesterday's closing prices. The Financial - Investment Bank industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 17, placing it within the top 7% of over 250 industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Free Report: Profiting from the 2nd Wave of AI ExplosionThe next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.Investors who bought shares like Nvidia at the right time have had a shot at huge gains.But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.Access AI Boom 2.0 now, absolutely free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Goldman Sachs Group, Inc. (GS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks