Goldman Sachs Group Inc (GS)

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$9.18 Billion in Sales Expected for The Goldman Sachs Group, Inc. (NYSE:GS) This Quarter
By: MarketBeat | December 29, 2020

Analysts expect The Goldman Sachs Group, Inc. (NYSE:GS) to post sales of $9.18 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for The Goldman Sachs Group's earnings, with the lowest sales estimate coming in at $8.79 billion and the highest estimate coming in at $9.64 billion. The Goldman Sachs Group reported sales of $9.96 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 7.8%. The business is scheduled to announce its next earnings report before the market opens on Tuesday, January 19th.

According to Zacks, analysts expect that The Goldman Sachs Group will report full year sales of $42.14 billion for the current year, with estimates ranging from $41.61 billion to $42.71 billion. For the next financial year, analysts anticipate that the company will post sales of $38.44 billion, with estimates ranging from $37.59 billion to $39.68 billion. Zacks' sales averages are an average based on a survey of research analysts that cover The Goldman Sachs Group.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 20th. The investment management company reported $9.68 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $5.57 by $4.11. The Goldman Sachs Group had a net margin of 16.65% and a return on equity of 11.23%. The company had revenue of $10.70 billion during the quarter, compared to analysts' expectations of $9.40 billion. During the same quarter last year, the company posted $4.79 EPS. The firm's revenue was up 28.6% compared to the same quarter last year.

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