Updated
Updated · Yahoo Canada Finance · Aug 25
Goldman Sachs Rises 2.18% to $1,058.88 as Analysts See 27.5% EPS Growth
Updated
Updated · Yahoo Canada Finance · Aug 25

Goldman Sachs Rises 2.18% to $1,058.88 as Analysts See 27.5% EPS Growth

3 articles · Updated · Yahoo Canada Finance · Aug 25

Summary

  • $1,058.88 marked Goldman Sachs' close after a 2.18% gain, beating the S&P 500's 0.32% rise and outpacing the Dow's 0.3% advance.
  • Analysts now expect the bank's next quarterly report to show earnings of $15.62 a share on $17.04 billion in revenue, up 27.51% and 12.19% from a year earlier.
  • Estimate revisions have turned slightly more positive, with the consensus EPS forecast edging 0.09% higher over the past 30 days and Goldman carrying a Zacks Rank #1.
  • The rally comes even though the stock is still down 1.14% over the past month, trailing the Finance sector's 1.81% gain and the S&P 500's 3.34% rise.
  • Valuation remains somewhat richer than peers: Goldman trades at a forward P/E of 15.04 versus its industry's 14.65, with a PEG ratio of 1.05 against 1.02.

Insights

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