Goldman Sachs(US:GS) Zacks Investment Research·2024-03-01 23:51Company Performance - Goldman Sachs (GS) closed at $388.10, reflecting a -0.24% change from the previous trading day's closing, lagging behind the S&P 500's daily gain of 0.8% [1] - In the past month, shares of Goldman Sachs gained 1.35%, while the Finance sector gained 3.96% and the S&P 500 gained 5.2% [1] - The upcoming EPS for Goldman Sachs is projected at $8.62, indicating a 1.93% drop compared to the same quarter of the previous year, while revenue is expected to be $13.05 billion, showing a 6.75% increase year-over-year [1] Fiscal Year Estimates - For the entire fiscal year, earnings are predicted to be $32.86 per share and revenue at $50.49 billion, reflecting changes of +43.68% and +9.16% respectively from the previous year [2] - Recent changes to analyst estimates indicate optimism regarding Goldman Sachs' business and profitability, with positive revisions correlating with imminent stock price performance [2] Valuation Metrics - Goldman Sachs has a Forward P/E ratio of 11.84, which is a discount compared to the industry's average Forward P/E of 16.9 [3] - The company holds a PEG ratio of 1.51, while the Financial - Investment Bank industry has an average PEG ratio of 1.15 [3] Industry Overview - The Financial - Investment Bank industry is part of the Finance sector and currently holds a Zacks Industry Rank of 39, placing it in the top 16% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]