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Goldman Sachs stock price is being driven by downgrades in forward earnings estimates

Goldman Sachs remains a leader in investment banking

Goldman Sachs is a leading global investment banking firm. Their activities are investment banking (20% of net revenue), global markets (40%), asset management (25%). As well as consumer and wealth management (15%) segments. Fixed Income, Currency, and Commodities comprise the Global Markets business.

Goldman Sachs

Covering client-execution activities in credit products, interest rate products, mortgages, currencies, and commodities. Consumer & Wealth Management covers management and deposit-taking operations relating to wealth management.

Foe more information on the recent banking crisis, click HERE.

The charts used in this Blog Post are from Barchart. Barchart is a financial data and technology company that provides financial market data, news, analysis, and trading solutions. The website is designed for individual traders and investors, as well as institutional clients, including banks, brokers, and hedge funds.

Barchart provides users with access to real-time and historical data on a wide range of financial instruments. Included are stocks, futures, options, currencies, and cryptocurrencies. The website also offers a variety of tools and services for trading and investing. Customizable charts, technical indicators, and screeners for identifying potential investment opportunities.

In addition to its data and trading solutions, Barchart provides news and analysis on the financial markets, with articles and commentary from a team of experienced financial journalists and analysts.

Overall, I find Barchart to be a comprehensive platform for traders and investors looking to stay up-to-date on financial market data and news. Provides access a range of tools and services to support a wide range of investment strategies.

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RECENT EARNING RELEASED WHAT IT MEANS

Goldman Sachs’ announced Q1-2023 EPS was $8.79, higher than Consensus Estimate of $8.13. Projected EPS estimates were $7.70. A much-improved performance compared to the poor Q4-2022 results reported in January. Compared to YOY, net revenues came in at $12.22 billion, a decline of 5%. In addition, the top line came in lower than the $13.02 billion Consensus Estimate. According to our projections, overall revenues came in at $12.8 billion.

GOLDMAN SACHS SLIDING FORWARD EARINGS  ESTIMATES

The investment community is changing their expectations and forward estimates. This reflects trends in GS business divisions. Rising forward estimates should lead to an increase in th stock’s valuation. For all stocks, the correlation is positive and strong for earnings revisions and stock price. Let’s take a look at the evolving story about earnings estimates.
 
Goldman forecasted EPS is expected to be $7.91 in the quarter, Q2-2023. This would be a +2.3% increase over Q1. But consensus estimates are starting to be downgraded by -3.1% over the past month. Driving this is a mixture of the economic outlook and company-specific factors.
 
The consensus estimates for the full financial year 2023 are for an EPS of $31.90. This would be a 6.0% increase compared to 2022. Full year estimates are following quarterly estimates, so far falling around 2.7% over the past month.
 
Moving on to forward earnings estimates for $36.20 is current a +13.6% increase over full year 2023. This places the Goldman Sachs stock on a forward PE Ratio of 9.5X. This is also under pressure, with forward estimates falling around 6% recently.
GOLDMAN SACHS
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Financials Sector ans Goldman Sachs

The Financials Sector consists of companies providing financial services. These services cover banking, investment management, insurance, and real estate services. The financial sector plays a significant role in the economy. The sector by mediates capital distribution.

This could be for firms and individuals. They manage risks, and enable transactions. The financial sector is important to the economy, in providing financial service. The sector may be an appealing option for some investors seeking dividend-paying stocks.

ETFs – Financial Select Sector SPDR Fund (XLF)

The XLF SPDR Fund aims to offer investment returns correlated to a benchmark index. The index is Financial Select Sector Index.
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Goldman Sachs stock price is being driven by downgrades in forward earnings estimates

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Warren William

Warren William

Meet the author behind Smartest-Data. Warren William has a career in Finance and Investments extending over 35 years, both on the Buy Side and Sell Side. His most recent roles include, developing Institutional Risk Management Programs for managing Equity and Fixed Income Risk.  Prior to this Warren William work in Alternative Investments, in Investment Management and as a Buy Side Equity Analyst. Warren William brings a wealth of knowledge and expertise to the table, providing in-depth analysis and commentary on the latest trends in the Stock Markets. Contact information: wwBLOG@smartest-data.blog or Telegram +393339034488

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