Here's Why Goldman Sachs (GS) Gained But Lagged the Market Today

In the latest market close, Goldman Sachs (GS) reached $580.13, with a +0.9% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 1.26%. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 1.77%.Heading into today, shares of the investment bank had lost 3.66% over the past month, outpacing the Finance sector's loss of 5.29% and lagging the S&P 500's loss of 2.82% in that time.Market participants will be closely following the financial results of Goldman Sachs in its upcoming release. The company is expected to report EPS of $7.94, up 44.89% from the prior-year quarter. 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 recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.91% higher. Goldman Sachs is currently a Zacks Rank #2 (Buy).With respect to valuation, Goldman Sachs is currently being traded at a Forward P/E ratio of 13.36. This represents a discount compared to its industry's average Forward P/E of 14.54.Investors should also note that GS has a PEG ratio of 0.69 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Financial - Investment Bank industry was having an average PEG ratio of 1.26.The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 23, which puts it in the top 10% of all 250+ industries.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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