Goldman Sachs (GS) Gains As Market Dips: What You Should Know

Goldman Sachs (GS) closed the latest trading day at $574.97, indicating a +0.41% change from the previous session's end. The stock exceeded the S&P 500, which registered a loss of 0.22% for the day. Elsewhere, the Dow lost 0.36%, while the tech-heavy Nasdaq lost 0.16%.The the stock of investment bank has fallen by 4.36% in the past month, leading the Finance sector's loss of 5.69% and undershooting the S&P 500's loss of 2.36%.Analysts and investors alike will be keeping a close eye on the performance of Goldman Sachs in its upcoming earnings disclosure. On that day, Goldman Sachs is projected to report earnings of $7.94 per share, which would represent year-over-year growth of 44.89%. Our most recent consensus estimate is calling for quarterly revenue of $12.06 billion, up 6.58% from the year-ago period.Any recent changes to analyst estimates for Goldman Sachs should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.91% higher within the past month. Right now, Goldman Sachs possesses a Zacks Rank of #2 (Buy).Looking at valuation, Goldman Sachs is presently trading at a Forward P/E ratio of 13.31. This expresses a discount compared to the average Forward P/E of 14.53 of its industry.Also, we should mention that GS has a PEG ratio of 0.68. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.26 based on yesterday's closing prices.The Financial - Investment Bank industry is part of the Finance sector. With its current Zacks Industry Rank of 25, this industry ranks in the top 10% of all industries, numbering over 250.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.Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.Just Released: Zacks Top 10 Stocks for 2024Hurry – you can still get in early on our 10 top tickers for 2025. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2025. You can still be among the first to see these just-released stocks with enormous potential. See New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Goldman Sachs Group, Inc. (GS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks