Goldman Sachs (GS) closed the most recent trading day at $895.32, moving +1.44% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.6%. Elsewhere, the Dow gained 0.83%, while the tech-heavy Nasdaq added 0.64%.
Shares of the investment bank witnessed a loss of 13.45% over the previous month, trailing the performance of the Finance sector with its loss of 3.99%, and the S&P 500's gain of 1.34%.
The investment community will be paying close attention to the earnings performance of Goldman Sachs in its upcoming release. The company is slated to reveal its earnings on October 13, 2026. It is anticipated that the company will report an EPS of $12.9, marking a 5.31% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $16.87 billion, indicating a 11.08% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $67.48 per share and a revenue of $71.46 billion, representing changes of +31.49% and +22.62%, respectively, from the prior year.
Any recent changes to analyst estimates for Goldman Sachs should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.04% lower. Goldman Sachs is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Goldman Sachs currently has a Forward P/E ratio of 13.08. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 13.08.
We can additionally observe that GS currently boasts a PEG ratio of 0.97. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Financial - Investment Bank industry had an average PEG ratio of 0.87 as trading concluded yesterday.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 54, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GS in the coming trading sessions, be sure to utilize Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).