Source: istock, Goldman Sachs

What to Watch in Goldman Sachs's Q3 Earnings



Goldman Sachs is set to post its earnings for the third quarter before the market opens on Oct. 14. Let’s look at analysts’ expectations for the third quarter.

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When is Goldman Sachs's earnings date?

Goldman Sachs will likely post its third-quarter earnings results on Oct. 14 before the markets open. The company has scheduled a conference call on the same day at 9:30 a.m. ET. In the third quarter, analysts expect Goldman Sachs to report revenue of $9.4 billion, which would be 13 percent higher than $8.3 billion in revenue in the third quarter of 2019. Analysts expect Goldman Sachs to report an adjusted EPS of $5.49 in the third quarter, which represents a significant increase year-over-year from $4.79.

Source: Getty
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In the third quarter, Goldman Sachs will likely report FICC (fixed income, currency, and commodities) revenues of $2.1 billion, which indicates a reduction of 50 percent from the previous quarter. The net revenues in equities will likely be at $2.0 billion, which is 32 percent lower than the second quarter. Also, the company will likely report asset management revenues of $1.7 billion, which suggests a 19 percent sequential decline.

What is Goldman Sachs's stock price?

Goldman Sachs stock was up about 0.3 percent at $208.08 in pre-market trading on Monday, Oct. 12 as of 9:07 a.m. ET. The stock fell 0.2 percent on Oct. 9 and closed at $207.54 with a market capitalization of $71.4 billion. Goldman Sachs stock has risen by 2.8 percent in the last five days and 0.8 percent in the last year. Goldman Sachs stock is trading 17.1 percent below its 52-week high of $250.46 and 58.6 percent above its 52-week low of $130.85.

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Goldman Sachs's dividend yield

As of Oct. 9, Goldman Sachs's dividend yield is at 2.41 percent. Currently, the company pays an annual dividend of $5.00 per share.

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What is Goldman Sachs's stock forecast?

Currently, analysts' stock price forecast for Goldman Sachs is $250.13, which suggests a 20.5 percent upside. The highest target price of $326 implies a 57.1 percent upside, while the lowest target price of $200 suggests a 3.6 percent downside. Among the 27 Wall Street analysts tracking Goldman Sachs, ten recommend a buy, 15 recommend a hold, and two recommend a sell.

Goldman Sachs's investor relations

Goldman Sachs will likely hold the third-quarter earnings conference call on Oct. 14 at 9:30 a.m. ET. Investors can access the earnings conference call on the investor relations section of the company’s website.


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