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Source: istock, Goldman Sachs

What to Watch in Goldman Sachs's Q3 Earnings

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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.

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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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