S&P 500 component Goldman Sachs Group, Inc. will unveil its latest earnings on Wednesday, January 18, 2012. Goldman Sachs is a global investment banking and securities firm that specializes in investment banking, trading and principal investments, asset management and securities services.
Goldman Sachs Group, Inc. Earnings Preview Cheat Sheet .
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.73 per share, a decline of 54.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $3.14. Between one and three months ago, the average estimate moved down. It also has dropped from $2.74 during the last month. Analysts are projecting profit to rise by 68.7% versus last year to $4.77.
Past Earnings Performance: Last quarter, the company missed estimates by 78 cents, coming in at a loss of 84 cents per share against an estimate of net loss of. In the second quarter, the company also missed expectations.
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Wall St. Revenue Expectations: Analysts are projecting a decline of 23% in revenue from the year-earlier quarter to $6.65 billion.
Analyst Ratings: Analysts are bullish on Goldman Sachs Group as 11 analysts rate it as a buy, one rates it as a sell and 10 rate it as a hold.
A Look Back: In the third quarter, the company swung to a loss of $393 million (84 cents a share) from a profit of $1.9 billion ($2.98) a year earlier, missing analyst expectations. Revenue fell 47.9% to $5.58 billion from $10.71 billion.
Key Stats: .
Revenue has fallen in the past four quarters. Revenue declined 9.3% in the second quarter from the year earlier, dropped 5% in first quarter from the year-ago quarter and 5% in the fourth quarter of the last fiscal year.
Goldman Sachs Group’s loss in the latest quarter followed profits in the previous three quarters. The company reported a profit of $1.09 billion in the second quarter, a profit of $2.73 billion in the first and a profit of $2.39 billion in the fourth quarter of the last fiscal year.
Competitors to Watch: Morgan Stanley , JPMorgan Chase & Co. , Bank of America Corp. , Citigroup Inc. , UBS AG , Deutsche Bank AG , Wells Fargo & Company , Credit Suisse Group AG , and Piper Jaffray Companies .
Stock Price Performance: During January 6, 2012 to January 12, 2012, the stock price had risen $7.79 (8.3%) from $93.42 to $101.21. The stock price saw one of its best stretches over the last year between January 6, 2012 and January 12, 2012 when shares rose for five-straight days, rising 8.3% (+$7.79) over that span. It saw one of its worst periods between December 9, 2011 and December 19, 2011 when shares fell for seven-straight days, falling 13.6% (-$13.75) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks).
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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com
To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com
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