Goldman Sachs Earnings Estimate

GS
 Stock
  

USD 301.99  1.21  0.40%   

Many public companies, such as Goldman Sachs, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Goldman Sachs' earnings estimates, investors can diagnose different trends across Goldman Sachs' analyst sentiment over time as well as compare current estimates against different timeframes.
Goldman Sachs is projected to generate 60.7 in earnings per share on the 31st of December 2021. Goldman Sachs earnings estimates module stress-tests analyst consensus about projected Goldman Sachs Group EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Please check Risk vs Return Analysis.
  
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As of 06/28/2022, Gross Profit is likely to drop to about 52.6 B. In addition to that, Profit Margin is likely to drop to 0.31
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Goldman Sachs Earnings Estimation Breakdown

Calculation of earning per share of Goldman Sachs Group is based on official Zacks consensus of 6 analysts regarding Goldman Sachs future annual earnings. Given the historical accuracy of 76.32%, the future earnings per share of Goldman Sachs is estimated to be 60.7 with the lowest and highest values of 59.7 and 62.47, respectively. Please note that this consensus of annual earnings estimates for Goldman Sachs Group is an estimate of EPS before non-recurring items and including employee stock options expenses
  Current EPS 60.63
59.70
Lowest
Expected EPS 60.7
62.47
Highest

Goldman Sachs Earnings Projection Consensus

Suppose the current estimates of Goldman Sachs' value are higher than the current market price of the Goldman Sachs stock. In this case, investors may conclude that Goldman Sachs is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Goldman Sachs' stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyCurrent EPSEPS Estimate for 31st of December 2021

6

76.32%

60.63

60.7

Goldman Sachs Earnings History

Earnings estimate consensus by Goldman Sachs Group analysts from Wall Street is used by the market to judge Goldman Sachs' stock performance. The investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Goldman Sachs' upcoming profit reports and earnings-per-share forecasts but also compare them to our different valuation methods.

Goldman Sachs Quarterly Earnings Before Interest Taxes and Depreciation Amortization EBITDA

5.15 Billion

Share
Goldman Sachs Earning Before Interest and Taxes EBIT is relatively stable at the moment as compared to the past year. Goldman Sachs reported last year Earning Before Interest and Taxes EBIT of 27.04 Billion. As of 06/28/2022, Earnings per Basic Share is likely to grow to 65.01, while Accumulated Retained Earnings Deficit are likely to drop slightly above 121.5 B. Goldman Sachs Weighted Average Shares is relatively stable at the moment as compared to the past year. Goldman Sachs reported last year Weighted Average Shares of 350.5 Million. As of 06/28/2022, Weighted Average Shares Diluted is likely to grow to about 372.2 M, while Issuance Purchase of Equity Shares is likely to drop (5.6 B).
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Goldman Sachs' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Goldman Sachs in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
301.63303.70305.77
Details
Intrinsic
Valuation
LowReal ValueHigh
272.48342.28344.35
Details
Naive
Forecast
LowNext ValueHigh
299.55301.61303.68
Details
16 Analysts
Consensus
LowTarget PriceHigh
390.00463.56598.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Goldman Sachs. Your research has to be compared to or analyzed against Goldman Sachs' peers to derive any actionable benefits. When done correctly, Goldman Sachs' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Goldman Sachs Group.
Note that many institutional investors and large investment bankers can move markets due to the volume of Goldman assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Goldman Sachs. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Goldman stock price in the short term.

Goldman Sachs Earnings per Share Projection vs Actual

Actual Earning per Share of Goldman Sachs refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Goldman Sachs Group predict the company's earnings will be in the future. The higher the earnings per share of Goldman Sachs, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Goldman Sachs Estimated Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Goldman Sachs, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Goldman Sachs should always be considered in relation to other companies to make a more educated investment decision.

Goldman Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Goldman Sachs' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2022-04-14
2022-03-318.8910.761.8721 
2022-01-18
2021-12-3111.7610.81-0.95
2021-10-15
2021-09-3010.01114.934.91949 
2021-07-13
2021-06-3010.181615.024.838447 
2021-04-14
2021-03-3110.186118.68.413982 
2021-01-19
2020-12-317.362112.54715.18570 
2020-10-14
2020-09-305.50479.684.175375 
2020-07-15
2020-06-303.90856.262.351560 
2020-04-15
2020-03-313.35993.11-0.2499
2020-01-15
2019-12-315.48584.69-0.795814 
2019-10-15
2019-09-304.89144.79-0.1014
2019-07-16
2019-06-305.0325.810.77815 
2019-04-15
2019-03-315.02025.710.689813 
2019-01-16
2018-12-314.78194.830.0481
2018-10-16
2018-09-305.33816.280.941917 
2018-07-17
2018-06-304.6495.981.33128 
2018-04-17
2018-03-315.56946.951.380624 
2018-01-17
2017-12-314.94915.680.730914 
2017-10-17
2017-09-304.14635.020.873721 
2017-07-18
2017-06-303.39213.950.557916 
2017-04-18
2017-03-315.16595.15-0.0159
2017-01-18
2016-12-314.7985.080.282
2016-10-18
2016-09-303.83254.881.047527 
2016-07-19
2016-06-303.04153.720.678522 
2016-04-19
2016-03-312.49962.680.1804
2016-01-20
2015-12-313.62264.681.057429 
2015-10-15
2015-09-302.912.9-0.01
2015-07-16
2015-06-303.891.98-1.9149 
2015-04-16
2015-03-314.265.941.6839 
2015-01-16
2014-12-314.324.380.06
2014-10-16
2014-09-303.214.571.3642 
2014-07-15
2014-06-303.054.11.0534 
2014-04-17
2014-03-313.454.020.5716 
2014-01-16
2013-12-314.224.60.38
2013-10-17
2013-09-302.432.880.4518 
2013-07-16
2013-06-302.823.70.8831 
2013-04-16
2013-03-313.884.290.4110 
2013-01-16
2012-12-313.785.61.8248 
2012-10-16
2012-09-302.122.850.7334 
2012-07-17
2012-06-301.161.780.6253 
2012-04-17
2012-03-313.553.920.3710 
2012-01-18
2011-12-311.241.840.648 
2011-10-18
2011-09-30-0.16-0.84-0.68425 
2011-07-19
2011-06-302.271.85-0.4218 
2011-04-19
2011-03-310.821.560.7490 
2011-01-19
2010-12-313.763.790.03
2010-10-19
2010-09-302.322.980.6628 
2010-07-20
2010-06-302.080.78-1.362 
2010-04-20
2010-03-314.015.591.5839 
2010-01-21
2009-12-315.28.2357 
2009-10-15
2009-09-304.245.251.0123 
2009-07-14
2009-06-303.544.931.3939 
2009-04-13
2009-03-311.643.391.75106 
2008-12-16
2008-09-30-3.73-4.97-1.2433 
2008-09-16
2008-06-301.711.810.1
2008-06-17
2008-03-313.424.581.1633 
2008-03-18
2007-12-312.583.230.6525 
2007-12-18
2007-09-306.617.010.4
2007-09-20
2007-06-304.356.131.7840 
2007-06-14
2007-03-314.794.930.14
2007-03-13
2006-12-314.976.671.734 
2006-12-12
2006-09-306.046.590.55
2006-09-12
2006-06-302.973.260.29
2006-06-13
2006-03-314.284.780.511 
2006-03-14
2005-12-313.295.081.7954 
2005-12-15
2005-09-303.353.350
2005-09-20
2005-06-302.383.250.8736 
2005-06-16
2005-03-311.871.71-0.16
2005-03-17
2004-12-312.252.940.6930 
2004-12-16
2004-09-302.322.360.04
2004-09-21
2004-06-301.431.740.3121 
2004-06-22
2004-03-311.952.310.3618 
2004-03-23
2003-12-311.662.50.8450 
2003-12-18
2003-09-301.541.890.3522 
2003-09-23
2003-06-301.221.320.1
2003-06-25
2003-03-311.191.360.1714 
2003-03-20
2002-12-310.961.290.3334 
2002-12-19
2002-09-300.970.980.01
2002-09-24
2002-06-300.9910.01
2002-06-20
2002-03-310.981.060.08
2002-03-19
2001-12-310.890.980.0910 
2001-12-20
2001-09-300.90.930.03
2001-09-26
2001-06-300.810.870.06
2001-06-19
2001-03-311.061.060
2001-03-20
2000-12-311.361.40.04
2000-12-19
2000-09-301.381.50.12
2000-09-19
2000-06-301.481.620.14
2000-06-20
2000-03-311.41.480.08
2000-03-21
1999-12-311.481.760.2818 
1999-12-21
1999-09-301.221.480.2621 
1999-09-21
1999-06-301.11.320.2220 
1999-06-23
1999-03-311.041.30.2625 

About Goldman Sachs Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Goldman Sachs earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Goldman Sachs estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Goldman Sachs fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2022
Accumulated Retained Earnings Deficit131.8 B121.5 B
Earning Before Interest and Taxes EBIT27 B29.2 B
Earnings per Basic Share 60.25  65.01 
Earnings per Diluted Share 59.45  64.14 
Price to Earnings Ratio 6.35  8.74 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA29.1 B23.2 B
Earnings before Tax27 B29.2 B
The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. The company was founded in 1869 and is headquartered in New York, New York. Goldman Sachs operates under Capital Markets classification in the United States and is traded on New York Stock Exchange. It employs 45100 people.

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Is Goldman Sachs' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Goldman Sachs. If investors know Goldman will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Goldman Sachs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.42
Market Capitalization
104 B
Quarterly Revenue Growth YOY
-0.3
Return On Assets
0.013
Return On Equity
0.17
The market value of Goldman Sachs Group is measured differently than its book value, which is the value of Goldman that is recorded on the company's balance sheet. Investors also form their own opinion of Goldman Sachs' value that differs from its market value or its book value, called intrinsic value, which is Goldman Sachs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Goldman Sachs' market value can be influenced by many factors that don't directly affect Goldman Sachs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Goldman Sachs' value and its price as these two are different measures arrived at by different means. Investors typically determine Goldman Sachs value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goldman Sachs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.