Goldman Sachs (GS) Will Look to Regain Investor Confidence with Q1 Numbers

What's Happening With GS View more about GS >

Goldman Sachs (GS) will report on April 15. The bank will release its first-quarter numbers before the market open with the consensus calling for earnings of $5.05 on sales of $8.97 billion. For the same period last year Goldman earned $6.95 on revenue of $10.04 billion.

Technical Analysis

GS was recently trading at $207.63 down $54.87 from its 12-month high and $55.93 above its 12-month low. InvestorsObserver’s Stock Score Report gives GS a 33 long-term technical score and a 54 short-term technical score. The stock has recent support above $190 and recent resistance below $230. Of the 13 analysts who cover the stock 5 rate it Strong Buy, 0 rate it Buy, 7 rate it Hold, 0 rate it Sell, and 1 rate it Strong Sell, GS gets a score of 51 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

The financial sector got off to a good start this earnings season with solid reports from heavyweights JP Morgan (JPM) and Wells Fargo (WFC). Banks continue to feel the positive impact of last year’s rate hikes, and the trend should continue across the sector. The street expects Goldman to post a big earnings beat with a whisper number of $5.21 for the quarter. The stock has recovered a significant amount of the losses associated to the company’s corruption scandal in 2012 and 2013 in Malaysia. Goldman’s lead banker in the Malaysian deal pleaded guilty to participating in the bribery and laundering schemes where around $2.7 billion was embezzled from the Malaysian development fund that Goldman helped raise. The stock has been trading sideways since mid-January and needs a solid report to break out of its sideways trend and attract investors that remain hesitant in response to the situation in Malaysia. Analysts have an average price target of $238.30 on the stock.

GS
About Goldman Sachs Group Inc. (The)

Goldman Sachs is a global investment banking firm whose activities are organized into investment banking, institutional client services, investing and lending, and investment management segments. Approximately 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa. In 2008, Goldman reorganized itself as a financial holding company regulated by the Federal Reserve System.

  • Last Price:
    $200.54
  • Previous Close:
    $204.14
  • Change:
    $-3.60 (-1.76%)
  • Open:
    $203.00
  • Volume:
    4,494,922
  • Average Volume (100 Day):
    3,675,257
  • Market Capitalization:
    $73.6 B
  • Day's Range:
    $199.73 - $203.52
  • Dividend Yield:
    1.57%
  • 52-week Range:
    $249 - $151.70
  • P-E:
    8.60
  • EPS:
    $24.03
  • Earnings Date:
    7/16/19
  • Ex Dividend Date:
    2/27/19
  • Sector:
    Financial Services
  • Industry:
    Capital Markets
  • Analyst Average Recommendation:
    Hold

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