Goldman Sachs(US:GS) ZACKS·2024-06-18 22:51Company Performance - Goldman Sachs (GS) closed at $457.43, with a +1.61% change from the previous day, outperforming the S&P 500's 0.25% gain [1] - Over the past month, shares of Goldman Sachs have depreciated by 2.76%, underperforming the Finance sector's loss of 2.3% and the S&P 500's gain of 3.34% [1] - The upcoming earnings report is expected to show an EPS of $8.87, a 187.99% increase year-over-year, with revenue forecasted at $12.76 billion, indicating a 17.12% growth [1] Annual Forecast - Zacks Consensus Estimates predict earnings of $36.57 per share and revenue of $51.71 billion for the year, reflecting changes of +59.9% and +11.81% respectively compared to the previous year [2] - Recent revisions to analyst forecasts for Goldman Sachs are important as they reflect short-term business trends and can influence stock price performance [2] Valuation Metrics - Goldman Sachs has a Forward P/E ratio of 12.31, which is lower than the industry average of 17.94, indicating it is trading at a discount [3] - The company has a PEG ratio of 0.91, compared to the industry average PEG ratio of 1.12, suggesting favorable valuation relative to projected earnings growth [3] Industry Context - The Financial - Investment Bank industry is ranked 27 in the Zacks Industry Rank, placing it in the top 11% of over 250 industries [4] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]