" /> " />

Goldman Sachs Earnings Estimate

GS Stock  USD 415.25  9.07  2.23%   
The next projected EPS of Goldman Sachs is estimated to be 8.74 with future projections ranging from a low of 7.81 to a high of 9.57. Goldman Sachs' most recent 12-month trailing earnings per share (EPS TTM) is at 22.87. Please be aware that the consensus of earnings estimates for Goldman Sachs Group is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Goldman Sachs is projected to generate 8.74 in earnings per share on the 31st of March 2024. Goldman Sachs earnings estimates module stress-tests analyst consensus about projected Goldman Sachs Group EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Many public companies, such as Goldman Sachs, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Goldman Sachs' earnings estimates, investors can diagnose different trends across Goldman Sachs' analyst sentiment over time as well as compare current estimates against different timeframes. At this time, Goldman Sachs' Gross Profit is comparatively stable compared to the past year. Pretax Profit Margin is likely to gain to 0.26 in 2024, whereas Net Profit Margin is likely to drop 0.18 in 2024.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldman Sachs Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

Goldman Sachs Earnings Estimation Breakdown

The calculation of Goldman Sachs' earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Goldman Sachs is estimated to be 8.74 with the future projection ranging from a low of 7.81 to a high of 9.57. Please be aware that this consensus of annual earnings estimates for Goldman Sachs Group is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
5.48
7.81
Lowest
Expected EPS
8.74
9.57
Highest

Goldman Sachs Earnings Projection Consensus

Suppose the current estimates of Goldman Sachs' value are higher than the current market price of the Goldman Sachs stock. In this case, investors may conclude that Goldman Sachs is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Goldman Sachs' stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 31st of March 2024Current EPS (TTM)
2779.03%
5.48
8.74
22.87

Goldman Sachs Earnings per Share Projection vs Actual

Actual Earning per Share of Goldman Sachs refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Goldman Sachs Group predict the company's earnings will be in the future. The higher the earnings per share of Goldman Sachs, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Goldman Sachs Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Goldman Sachs, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Goldman Sachs should always be considered in relation to other companies to make a more educated investment decision.

Goldman Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Goldman Sachs' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2024-01-16
2023-12-313.515.481.9756 
2023-10-17
2023-09-305.315.470.16
2023-07-19
2023-06-303.183.08-0.1
2023-04-18
2023-03-318.19.871.7721 
2023-01-17
2022-12-315.483.32-2.1639 
2022-10-18
2022-09-307.698.250.56
2022-07-18
2022-06-306.587.731.1517 
2022-04-14
2022-03-318.8910.761.8721 
2022-01-18
2021-12-3111.7610.81-0.95
2021-10-15
2021-09-3010.1814.934.7546 
2021-07-13
2021-06-3010.2415.024.7846 
2021-04-14
2021-03-3110.2218.68.3881 
2021-01-19
2020-12-317.4712.084.6161 
2020-10-14
2020-09-305.579.684.1173 
2020-07-15
2020-06-303.786.262.4865 
2020-04-15
2020-03-313.353.11-0.24
2020-01-15
2019-12-315.474.69-0.7814 
2019-10-15
2019-09-304.814.79-0.02
2019-07-16
2019-06-304.895.810.9218 
2019-04-15
2019-03-314.895.710.8216 
2019-01-16
2018-12-314.456.041.5935 
2018-10-16
2018-09-305.386.280.916 
2018-07-17
2018-06-304.665.981.3228 
2018-04-17
2018-03-315.586.951.3724 
2018-01-17
2017-12-314.915.680.7715 
2017-10-17
2017-09-304.175.020.8520 
2017-07-18
2017-06-303.393.950.5616 
2017-04-18
2017-03-315.315.15-0.16
2017-01-18
2016-12-314.825.080.26
2016-10-18
2016-09-303.824.881.0627 
2016-07-19
2016-06-3033.720.7224 
2016-04-19
2016-03-312.452.680.23
2016-01-20
2015-12-313.534.681.1532 
2015-10-15
2015-09-302.912.9-0.01
2015-07-16
2015-06-303.894.750.8622 
2015-04-16
2015-03-314.265.941.6839 
2015-01-16
2014-12-314.324.380.06
2014-10-16
2014-09-303.214.571.3642 
2014-07-15
2014-06-303.054.11.0534 
2014-04-17
2014-03-313.454.020.5716 
2014-01-16
2013-12-314.224.60.38
2013-10-17
2013-09-302.432.880.4518 
2013-07-16
2013-06-302.823.70.8831 
2013-04-16
2013-03-313.884.290.4110 
2013-01-16
2012-12-313.785.61.8248 
2012-10-16
2012-09-302.122.850.7334 
2012-07-17
2012-06-301.161.780.6253 
2012-04-17
2012-03-313.553.920.3710 
2012-01-18
2011-12-311.241.840.648 
2011-10-18
2011-09-30-0.16-0.84-0.68425 
2011-07-19
2011-06-302.271.85-0.4218 
2011-04-19
2011-03-310.821.560.7490 
2011-01-19
2010-12-313.763.790.03
2010-10-19
2010-09-302.322.980.6628 
2010-07-20
2010-06-302.080.78-1.362 
2010-04-20
2010-03-314.015.591.5839 
2010-01-21
2009-12-315.28.23.057 
2009-10-15
2009-09-304.245.251.0123 
2009-07-14
2009-06-303.544.931.3939 
2009-04-13
2009-03-311.643.391.75106 
2008-12-16
2008-09-30-3.73-4.97-1.2433 
2008-09-16
2008-06-301.711.810.1
2008-06-17
2008-03-313.424.581.1633 
2008-03-18
2007-12-312.583.230.6525 
2007-12-18
2007-09-306.617.010.4
2007-09-20
2007-06-304.356.131.7840 
2007-06-14
2007-03-314.794.930.14
2007-03-13
2006-12-314.976.671.734 
2006-12-12
2006-09-306.046.590.55
2006-09-12
2006-06-302.973.260.29
2006-06-13
2006-03-314.284.780.511 
2006-03-14
2005-12-313.295.081.7954 
2005-12-15
2005-09-303.353.350.0
2005-09-20
2005-06-302.383.250.8736 
2005-06-16
2005-03-311.871.71-0.16
2005-03-17
2004-12-312.252.940.6930 
2004-12-16
2004-09-302.322.360.04
2004-09-21
2004-06-301.431.740.3121 
2004-06-22
2004-03-311.952.310.3618 
2004-03-23
2003-12-311.662.50.8450 
2003-12-18
2003-09-301.541.890.3522 
2003-09-23
2003-06-301.221.320.1
2003-06-25
2003-03-311.191.360.1714 
2003-03-20
2002-12-310.961.290.3334 
2002-12-19
2002-09-300.970.980.01
2002-09-24
2002-06-300.991.00.01
2002-06-20
2002-03-310.981.060.08
2002-03-19
2001-12-310.890.980.0910 
2001-12-20
2001-09-300.90.930.03
2001-09-26
2001-06-300.810.870.06
2001-06-19
2001-03-311.061.060.0
2001-03-20
2000-12-311.361.40.04
2000-12-19
2000-09-301.381.50.12
2000-09-19
2000-06-301.481.620.14
2000-06-20
2000-03-311.41.480.08
2000-03-21
1999-12-311.481.760.2818 
1999-12-21
1999-09-301.221.480.2621 
1999-09-21
1999-06-301.11.320.2220 
1999-06-23
1999-03-311.041.30.2625 

About Goldman Sachs Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Goldman Sachs earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Goldman Sachs estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Goldman Sachs fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2024
Retained Earnings143.7 B150.9 B
Retained Earnings Total Equity160.3 B88.6 B
Price Earnings Ratio 15.44  13.62 
Price Earnings To Growth Ratio(0.67)(0.64)

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether Goldman Sachs Group is a strong investment it is important to analyze Goldman Sachs' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Goldman Sachs' future performance. For an informed investment choice regarding Goldman Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldman Sachs Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Complementary Tools for Goldman Stock analysis

When running Goldman Sachs' price analysis, check to measure Goldman Sachs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goldman Sachs is operating at the current time. Most of Goldman Sachs' value examination focuses on studying past and present price action to predict the probability of Goldman Sachs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldman Sachs' price. Additionally, you may evaluate how the addition of Goldman Sachs to your portfolios can decrease your overall portfolio volatility.
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Is Goldman Sachs' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Goldman Sachs. If investors know Goldman will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Goldman Sachs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.649
Dividend Share
10.5
Earnings Share
22.87
Revenue Per Share
132.705
Quarterly Revenue Growth
0.116
The market value of Goldman Sachs Group is measured differently than its book value, which is the value of Goldman that is recorded on the company's balance sheet. Investors also form their own opinion of Goldman Sachs' value that differs from its market value or its book value, called intrinsic value, which is Goldman Sachs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Goldman Sachs' market value can be influenced by many factors that don't directly affect Goldman Sachs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Goldman Sachs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Goldman Sachs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goldman Sachs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.