Goldman Sachs Group Inc (GS)

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The Goldman Sachs Group, Inc. (NYSE:GS) Expected to Post Quarterly Sales of $10.32 Billion
By: MarketBeat | February 12, 2021

Equities research analysts forecast that The Goldman Sachs Group, Inc. (NYSE:GS) will post $10.32 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for The Goldman Sachs Group's earnings. The lowest sales estimate is $10.01 billion and the highest is $10.89 billion. The Goldman Sachs Group posted sales of $8.74 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.1%. The firm is scheduled to report its next quarterly earnings results on Wednesday, April 21st.

According to Zacks, analysts expect that The Goldman Sachs Group will report full year sales of $39.62 billion for the current financial year, with estimates ranging from $38.21 billion to $41.51 billion. For the next fiscal year, analysts forecast that the company will post sales of $40.87 billion, with estimates ranging from $39.66 billion to $42.02 billion. Zacks Investment Research's sales averages are a mean average based on a survey of analysts that cover The Goldman Sachs Group.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, January 18th. The investment management company reported $12.08 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $7.47 by $4.61. The company had revenue of $11.74 billion during the quarter, compared to the consensus estimate of $10.07 billion. The Goldman Sachs Group had a return on equity of 11.23% and a net margin of 16.65%. The firm's revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.69 EPS.

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